Fab Partners With Broadridge For Global Agency Securities Finance Drive

First Abu Dhabi Bank (FAB) has selected Broadridge Financial Solutions to spearhead its global agency securities finance business, marking a significant milestone in the bank’s strategic expansion plans. The partnership is expected to bolster FAB’s presence in the rapidly evolving Middle East market and enhance its capabilities in supporting clients worldwide.

Broadridge will leverage its cutting-edge Securities Finance and Collateral Management (SFCM) solution to provide FAB with a comprehensive platform for managing global fixed income and equities markets. This move is likely to cater to the growing demand for securities lending and borrowing in the region, aligning with local regulatory requirements and international best practices.

Darren Crowther, head of securities finance and collateral management at Broadridge, highlighted that this collaboration addresses the increasing need for efficient securities lending and borrowing services in the Middle East. “By partnering with Broadridge, FAB will be able to navigate the complex landscape of regional regulations while maintaining a competitive edge,” he noted.

The partnership is notable for its technological significance, marking Broadridge’s first AWS SaaS deployment in the region. This move demonstrates the firm’s renewed commitment to supporting clients in the Middle East and underscores its readiness to drive innovation and growth in the market.

FAB at the forefront of this initiative, the collaboration is expected to yield substantial benefits for both parties, including enhanced operational efficiencies and new business opportunities. As the regulatory environment continues to evolve in the region’s financial markets, this partnership is poised to play a pivotal role in shaping the future of securities lending and borrowing services.

In an era where technological advancements are redefining the finance industry, Broadridge’s strategic partnership with FAB serves as a testament to the power of collaboration and innovation. By harnessing the strengths of both parties, they will be well-positioned to meet the increasing demands of global financial markets while forging new paths for success in the Middle East region.

The growing popularity of digital platforms and cloud-based services is driving this trend, with forward-thinking institutions like FAB recognizing the importance of embracing these technologies. Broadridge’s SFCM solution continues to evolve, and its evolution will be crucial for other market players to follow suit, ensuring a level playing field for all stakeholders involved.

The partnership between FAB and Broadridge has far-reaching implications for the regional financial sector, offering a glimpse into the exciting developments shaping the future of securities finance in the Middle East.