FAB selects Broadridge to build agency securities finance business
11 December 2024 UAE
Image: KingmaPhotos/stock.adobe.com
First Abu Dhabi Bank (FAB) has chosen Broadridge Financial Solutions to support the build-out of its global agency securities finance business.
Broadridge believes that its Securities Finance and Collateral Management (SFCM) solution will allow FAB to enhance its coverage of global fixed income and equities markets.
"This collaboration caters for the growing demand for securities lending and borrowing within the Middle East, and is aligned both with local regulatory needs and with international best practices,” says Darren Crowther, head of SFCM at Broadridge.
With origins dating back to 1996, SFCM accommodates agency and principal trading for equities and fixed income, supporting all securities finance trade types — from smaller direct lenders to global custodians and brokers.
As FAB navigates the evolving landscape of securities borrowing and lending regulations in the Middle East, this collaboration aims to bring new opportunities and efficiencies that will benefit clients across the globe.
Broadridge believes that its Securities Finance and Collateral Management (SFCM) solution will allow FAB to enhance its coverage of global fixed income and equities markets.
"This collaboration caters for the growing demand for securities lending and borrowing within the Middle East, and is aligned both with local regulatory needs and with international best practices,” says Darren Crowther, head of SFCM at Broadridge.
With origins dating back to 1996, SFCM accommodates agency and principal trading for equities and fixed income, supporting all securities finance trade types — from smaller direct lenders to global custodians and brokers.
As FAB navigates the evolving landscape of securities borrowing and lending regulations in the Middle East, this collaboration aims to bring new opportunities and efficiencies that will benefit clients across the globe.
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