First Abu Dhabi Bank ( FAB ) has teamed up with Amundi, Europe’s leading asset manager, to further strengthen its investment management offering to clients.

According to a memorandum of understanding signed in Abu Dhabi, the collaboration will encompass a broad spectrum of investment solutions across client segments, formats, and asset classes.

By combining their strengths and expertise, FAB and Amundi aim to deliver differentiated financial solutions to investors, raising the bar in the Gulf Cooperation Council ( GCC ) region’s asset management landscape and exemplifying global best practice.

The partnership reflects their long-term commitment to delivering enhanced and bespoke investment solutions and services across all client segments, including retail, private banking, and institutional investors, building on several decades of experience and success, the organizations say.

Financial hub ambitions

“Our strategic partnership with Amundi is a key moment in FAB’s journey to elevate our investment capabilities and bring best-in-class asset management solutions to our clients,” says FAB group chief executive officer Hana Al Rostamani.

“By joining forces with one of the world’s leading asset managers, we are reinforcing FAB’s position as the UAE’s global bank and a partner of choice for clients seeking international expertise and tailored solutions. This partnership demonstrates our commitment to delivering greater value, deepening client relationships, and supporting the UAE’s ambitions as a regional and global financial hub.”

Amundi CEO Valérie Baudson comments: “We are delighted to join forces with FAB to bring Amundi’s global expertise to investors in the GCC. As we see accelerating demand for various investment solutions across the Middle East, partnering with FAB, a leading financial institution, supports our ambition to deepen our presence and capture long-term growth in this high-potential market.

“The collaboration combines our broad suite of solutions, with local insight and scalable digital & advisory capabilities, and will allow us to deliver long-term value for clients while accompanying the ongoing development of the GCC’s financial ecosystem."

This milestone marks the first partnership of its kind for Amundi in the UAE and supports its strategy to grow its presence in high-potential markets, such as the Middle East.

It also showcases FAB’s continued investment in forging strategic alliances that advance its ambition to deliver exceptional client experiences, broaden its wealth and investment offering, and drive long-term growth in the GCC and beyond.