First Abu Dhabi Bank (FAB) has signed an MoU with Amundi to enhance investment management offerings in the GCC. The partnership aims to deliver financial solutions across various client segments and asset classes in the region. FAB’s CEO sees this as a strategic move to offer best-in-class asset management solutions to clients.

This collaboration marks Amundi’s first partnership in the UAE, supporting its growth strategy in high-potential markets like the Middle East. Meanwhile, UK’s Moneybox has teamed up with Amundi to launch three investment funds tailored for pension customers. The funds aim to provide varying risk and return options for retirement planning needs.

Amundi recently acquired a 4.6% stake in private equity firm ICG and entered a long-term partnership to enhance private markets access for wealth clients. The strategic move aligns with Amundi’s goal of expanding its presence and offerings in the financial sector.

Read more at Yahoo Finance: FAB signs MoU with Amundi to boost investment offerings in GCC