First Abu Dhabi Bank (FAB.AE) has signed a Memorandum of Understanding with Amundi (AMUN.PA) to enhance investment product offerings across the Gulf Cooperation Council region. The collaboration aims to leverage Amundi’s global asset management expertise and FAB’s regional banking footprint to strengthen client portfolios and market presence.
- FAB.AE and Amundi (AMUN.PA) signed an MoU to expand investment offerings in the GCC
- Amundi manages over €1.8 trillion in assets under management
- FAB aims to enhance digital and private banking services with new multi-asset and ESG-focused products
- GCC private wealth is projected to reach $1.2 trillion by 2025
- Partnership supports FAB’s digital transformation and regional market expansion goals
- Expected to improve client acquisition, retention, and fee income in the medium term
First Abu Dhabi Bank (FAB.AE) has entered into a strategic Memorandum of Understanding with Amundi (AMUN.PA), one of Europe’s largest asset managers, to expand investment solutions tailored for clients in the GCC. The partnership will focus on introducing diversified, multi-asset funds and sustainable investment products designed to meet evolving wealth management demands across the region. FAB, the UAE’s largest bank by assets, will integrate Amundi’s investment platforms into its digital and private banking services, enhancing its product suite for high-net-worth individuals and institutional clients. The agreement underscores a broader trend of regional financial institutions deepening strategic alliances with global asset managers to strengthen their value propositions. Amundi brings over €1.8 trillion in assets under management, providing FAB access to a wide range of international investment strategies. This collaboration is expected to increase FAB’s client acquisition and retention rates in key markets including the UAE, Saudi Arabia, and Qatar, where demand for sophisticated wealth products is rising. The move is particularly significant given the GCC’s growing financial services sector, projected to expand at a compound annual growth rate of 6.5% through 2028. By aligning with a top-tier European asset manager, FAB aims to capture a larger share of the region’s estimated $1.2 trillion in private wealth by 2025. The partnership also supports FAB’s broader digital transformation and ESG integration goals, with new products expected to emphasize sustainable finance and long-term capital growth. Market participants view the MoU as a positive signal for FAB’s strategic positioning and long-term growth potential. The collaboration may influence investor sentiment toward FAB.AE and AMUN.PA, particularly in the context of regional financial integration and increasing demand for diversified investment options. Analysts anticipate that the partnership could lead to higher client engagement metrics and improved fee income in the medium term.