Calastone has added the National Bank of Abu Dhabi (NBAD) Global Asset Management to its global order routing community.
The tie-up will make NBAD as Calastone’s first UAE client and will facilitate the firm’s expansion into the Middle East.
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The connection with Calastone will allow NABAD to leverage transaction automation benefits which will reduce operational cost and risks while offering international distribution.
NBAD executive director and head of fund management & equities Saleem Khokhar said: "As a top-tier financial institution, we are continually striving to offer our customers access to a range of financial products and services designed to suit their investment requirements.
"Highly efficient and effective distribution and processing are key elements in providing excellent customer service, and we believe that being connected to Calastone’s global network will further help us achieve these important objectives."
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