Under the partnership, the clients of BofA Merrill Lynch requiring services in the region can access to the capabilities provided by ADCB, while ADCB clients will have access to BofA Merrill Lynch’s global network of corporate banking and cash management capabilities.
In addition, both the banks will establish a committee, comprising senior bankers from both organizations, with a goal of developing global working relationships and sharing opportunities.
ADCB CEO and board member Ala’a Eraiqat said the partnership brings together bank’s extensive network in the UAE, product suite and service excellence with the global reach of BofA Merrill Lynch – a truly win-win partnership.
BofA Merrill Lynch Global Head of Corporate Banking Coverage Joel Van Dusen said that at BofA Merrill Lynch is investing in bringing the right capabilities to clients through the own global network or through relationships with best-in-class local banks.
"ADCB has demonstrated the highest standards in world-class banking services and products. We are delighted to offer our global clients access to their footprint, range of products and service standards," Van Dusen said.
