Broadridge Partners with First Abu Dhabi Bank for Growth

Broadridge Partners with First Abu Dhabi Bank to Expand Services

First Abu Dhabi Bank (FAB) has made a significant decision to partner with Broadridge Financial Solutions, Inc. This collaboration aims to bolster the bank's global agency securities finance business within the UAE and broader markets. The focus here is on advancing securities lending services while fully supporting clients in this dynamic region.

The Role of Technology in Securities Finance

By adopting Broadridge's cutting-edge Securities Finance and Collateral Management (SFCM) solution, FAB positions itself to dramatically improve its reach in global fixed income and equity markets. This technological enhancement comes at a crucial time when demand for securities lending is witnessing remarkable growth, especially in the Middle East. Darren Crowther, Head of Securities Finance and Collateral Management at Broadridge, emphasized the need for innovative products to meet evolving client requirements, ensuring that both organizations align with local regulations and international best practices.

Strategic Goals and Market Opportunities

The partnership signifies a renewed commitment to facilitating easier trading processes and expanding the suite of available services. With Broadridge's agile and robust SFCM platform, which represents the first AWS SaaS deployment in the region, FAB is set to leverage new efficiencies as it navigates the regulatory landscape of securities borrowing and lending. This strategic initiative is expected to open doors to new opportunities for clients around the globe, ultimately enhancing their overall experience.

About Broadridge Financial Solutions

Broadridge Financial Solutions stands as a cornerstone in the global technology landscape, equipped with the substantial expertise and innovative technology required for success in the financial services industry. The organization plays a pivotal role in processing and generating over 7 billion communications yearly, underpinning the daily trading of more than $10 trillion in securities worldwide. With over 14,000 employees across 21 countries, Broadridge is recognized as a certified Great Place to Work® and is a constituent of the S&P 500® Index.

Contact Information

For those interested in reaching out to Broadridge, relevant contacts include Edings Thibault, Head of Investor Relations, who is available for inquiries. Through partnerships like these, stakeholders can expect solid communication lines and support for any questions or clarifications related to financial services.

Frequently Asked Questions

What is the purpose of the partnership between FAB and Broadridge?

The partnership aims to enhance securities lending services and expand FAB's global agency securities finance business within the region.

How will technology play a role in this collaboration?

Broadridge will provide advanced technology solutions, particularly the SFCM platform, to improve operational efficiency and client service.

What benefits does Broadridge offer?

Broadridge offers transformative technology and expertise that enhance trading processes and client communication in the financial services industry.

How significant is the demand for securities lending in the Middle East?

The demand for securities lending in the Middle East is growing rapidly, prompting institutions like FAB to seek innovative solutions to meet this demand.

How does Broadridge ensure compliance with regulations?

Broadridge aligns its offerings with local regulatory needs while adhering to international best practices to ensure compliance.

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