State Street reported two new Alpha deals, including LGIM and Invesco, as well as five Alpha client mandates that went live at the end of the second quarter.
New service model designed for institutional investors in the Middle East and North Africa will combine local expertise with global securities services capabilities.
The license follows FAB’s recent agreement to acquire Bank Audi Egypt, which included its local custody business.
FAB stated Oman is a key part of the bank’s regional direct custody platform for seven Middle Eastern markets.
First Abu Dhabi Bank (FAB) to provide global custody services for three new open-ended Sharia-compliant funds.