In a significant development for the Gulf region’s financial sector, First Abu Dhabi Bank (FAB) has established a comprehensive strategic partnership with renowned global asset management firm T. Rowe Price. This alliance, formally announced in Abu Dhabi on Monday, represents a major advancement in investment capabilities available throughout the Gulf Cooperation Council (GCC) countries.
The collaboration strategically positions T. Rowe Price as FAB’s primary investment partner, granting the bank’s diverse client base unprecedented access to sophisticated investment strategies. These encompass global equities, fixed income securities, alternative investments, and multi-asset solutions curated by one of the world’s most respected asset managers.
This partnership is specifically engineered to enhance FAB’s investment offerings across all client segments, including retail investors, private banking clients, and institutional organizations. By integrating T. Rowe Price’s extensive global research infrastructure and proven active management expertise, FAB aims to deliver more sophisticated, internationally calibrated investment products tailored to regional market dynamics.
The synergy combines FAB’s extensive regional presence, deep market understanding, and substantial client network with T. Rowe Price’s decades of global investment experience and product innovation. This fusion of capabilities will facilitate the development of customized investment solutions addressing the evolving requirements of GCC investors while promoting international standards within the region’s financial ecosystem.
Hana Al Rostamani, Group CEO of First Abu Dhabi Bank, emphasized that this partnership demonstrates FAB’s ongoing commitment to enhancing investment sophistication and expanding solution diversity. She noted that collaborating with a globally recognized asset manager reinforces FAB’s position as a premier financial partner dedicated to delivering exceptional value across client segments.
Rob Sharps, Chair, CEO and President of T. Rowe Price, expressed enthusiasm about expanding the firm’s Middle Eastern presence through this long-term strategic alliance. He highlighted that the partnership reflects T. Rowe Price’s commitment to developing innovative global collaborations and delivering world-class investment solutions specifically designed for GCC public and private market investors.