UAE: Emirates NBD Capital is now a custodian on ADX

UAE: Emirates NBD Capital is now a custodian on ADX

The appointment is another step by ADX to boost liquidity

As a licensed custodian, Emirates NBD Capital provides safe and secure solutions for investors to hold securities. - KT file

Published: Fri 24 Mar 2023, 2:34 PM

Abu Dhabi Securities Exchange (ADX) has expanded its custodial services offering by the new appointment of Emirates NBD Capital as a custodian.

Emirates NBD Capital obtained its custody licence from the UAE Securities and Commodities Authority (SCA). Emirates NBD Capital is the global investment banking arm of Emirates NBD, a leading banking group in the Menat (Middle East, North Africa and Turkey) region. It has partnered with BNY Mellon, the world’s biggest custodian bank, to offer custody services to its clients.

As a licensed custodian, Emirates NBD Capital provides safe and secure solutions for investors to hold securities, such as stocks, bonds or other assets. Custody services is an extension of Emirates NBD securities broader suite of security services. The Group’s alliance with BNY Mellon will also provide Emirates NBD customers access to BNY Mellon’s global custody, asset servicing, data and technology capabilities.

The appointment of Emirates NBD Capital and the expansion of custodian options is another step by ADX to boost liquidity, widen its international investor base and