Abu Dhabi’s ADX appoints Emirates NBD Capital as its new custodian

ABU DHABI / GULF TIME

Abu Dhabi Securities Exchange (ADX) continues to expand its custodial services offering by the new appointment of Emirates NBD Capital as a custodian.
Emirates NBD Capital obtained its custody license from the UAE Securities and Commodities Authority (SCA). Emirates NBD Capital is the global investment banking arm of Emirates NBD, a leading banking group in the Menat (Middle East, North Africa and Turkey) region. It has partnered with BNY Mellon to offer custody services to its clients.
As a licensed custodian, Emirates NBD Capital provides safe and secure solutions for investors to hold securities, such as stocks, bonds or other assets. Custody services is an extension of Emirates NBD securities broader suite of security services.
The appointment of Emirates NBD Capital is another step by ADX to boost liquidity, widen its international investor base and enhance the depth of its market.
Saeed Hamad Al Dhaheri, Managing Director and CEO of Abu Dhabi Securities Exchange, said: “We are delighted to welcome Emirates NBD Capital as a custodian member of ADX. The admission of Emirates NBD Capital marks another significant expansion in the custody options available to investors.”