This is the firm’s second office in the UAE, building on its 26-year presence in Dubai.
US financial services provider State Street Corporation has opened a new office in Abu Dhabi, expanding in the UAE as it eyes growth prospects in the region.
In a statement, State Street Corporation stated that the office will be located in the Abu Dhabi Global Market (ADGM), the country’s international financial centre.
Richard Teng, CEO, Financial Services Regulatory Authority at ADGM, said, “We extend our heartiest congratulations to State Street Corporation and welcome them to the ADGM family.”
The office will serve Middle East clients in areas including global custody, accounting, risk and performance analytics, and securities lending as well as multi-asset and active investment management.