Abu Dhabi – Mubasher: Abu Dhabi Securities Exchange (ADX) recently appointed BNY Mellon, a global custodian bank, to help international issuers dually list their securities on both ADX and other markets, according to a press release.
The collaboration will allow ADX to access international exchange depositories (ICSDs) through BNY Mellon's network. The initiative will start with issuers from the US and then extend to other global countries.
ADX noted that this move is part of its strategy to work with international capital market entities to develop solutions that improve market structure and capabilities. The arrangement with BNY Mellon will also offer more investment options for ADX investors from global markets.
CEO of ADX, Abdulla Salem Alnuaimi, said: “Appointing BNY Mellon, the world’s largest custodian, supports our strategy of strengthening and innovating our infrastructure and offering investors a wider range of unique growth opportunities.”
Alnuaimi noted: “We will continue to explore further associations that reinforce our position as a leading exchange in the region.”
Head of International at BNY Mellon, Hani Kablawi, said: “We are focused on alleviating market complexity and connecting the financial ecosystem through innovative products and services that meet the needs of clients globally, and our appointment by ADX is a prime example of this.”
