About the author
Managing Director | Banks
Derek Duggan is Thomas Murray’s Managing Director, Banks. He originally joined Thomas Murray in 1995 as Head of Information Services. Derek now leads the large team that delivers our banking solutions. He’s responsible for our banking line of business, including all aspects of network management, client relationship management and sales.
FAB will provide surveillance support to Thomas Murray’s Securities Market Information database
First Abu Dhabi Bank (FAB), the UAE's largest bank and one of the world's largest and safest financial institutions will partner with Thomas Murray a UK-based post-trade and technology company who provide guidance on local markets rules and regulations as well as systems and procedures for the trading, clearing, settlement, custody and asset servicing of securities.
FAB, a direct custodian in the UAE, Saudi Arabia, Egypt, Kuwait, Bahrain, Oman and Lebanon, will become a key information source throughout the Middle East. Under the agreement, the bank will provide information on market changes which will be available to subscribers of Thomas Murray’s Securities Market Information (SMI) database.
The information from FAB is set to benefit subscribers, ensuring they are kept up-to-date and follow local regulations in relation to the trade and post-trade process.
Kashif Darr, Managing Director and Head of Securities Services at FAB, said:
We are proud to partner with Thomas Murray and to be a trusted source of market developments and vital information for investors and their providers. FAB is embedded in the infrastructure of the region. We have deep and long-standing relationships with the key financial market participants across all major centres of the Middle East, which offers us intimate access to market developments and information.
Jim Micklethwaite, Head of Operations, Thomas Murray said:
We are delighted to have First Abu Dhabi Bank joining our SMI service. Their knowledge and expertise in financial services in the Middle East will be an invaluable tool for those financial institutions conducting business in the region and an outstanding addition to our 250 strong sources of information. This agreement solidifies the existing relationship which we have had with the bank for several years.
The database, accessible via www.marketsselect.com, is continuously updated by a team of analysts monitoring hundreds of sources to produce comprehensive market profiles for 105 countries worldwide which detail a wide range of topics such as market entry requirements, taxation or market charges.
About First Abu Dhabi Bank
FAB is the UAE’s largest bank and one of the world’s largest and safest financial institutions. FAB’s vision is to create value for its employees, customers, shareholders and communities to grow stronger through differentiation, agility and innovation.
Headquartered in Abu Dhabi, the bank’s international network spans five continents, providing global relationships, expertise and financial strength to support local, regional and international businesses seeking to do business at home and abroad. FAB is a trusted adviser and regional partner to major institutions, emerging companies and individuals seeking to do business in the UAE, the MENA region and beyond. As an engine of growth for the region, it helps customers to thrive and grow stronger by managing risk, providing access to capital and facilitating trade flows across developed and emerging markets.
With total assets of AED 983 Billion (USD 268 Billion) as of September-end 2021, FAB is rated Aa3/AA-/AA- by Moody’s, S&P and Fitch, respectively - the strongest combined ratings of any bank in the MENA region. The Bank has been ranked by Global Finance as the Safest Bank in the UAE and the Middle East, and the 32nd Safest Bank globally. The Banker’s Top 1000 World Banks 2021 rankings, measured by Tier 1 capital, ranked FAB as #1 in the UAE, #3 in the Middle East and #94 across the globe. FAB is also a regional sustainability leader (MSCI ESG rating of AA, ‘Leader’ category), and a constituent of MSCI ESG Leaders and FTSE4Good EM indices.
About Thomas Murray
Thomas Murray is the leading provider of data, risk assessments and analytics on global capital markets and financial counterparties. Banks, funds and capital market institutions use Thomas Murray’s products and services to supplement their internal resources, meet regulatory obligations and reduce costs.