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Macquarie has entered into a Joint Venture with Abu Dhabi Commercial Bank (ADCB) in the United Arab Emirates (U.A.E). The Joint Venture started on the 1st of May 2005 and consists of Macquarie secondees and ADCB staff.
The Joint Venture combines the strengths of both financial institutions, applying Macquarie’s risk management and trading expertise to ADCB’s extensive regional banking franchise.
The development of a broader range of treasury and risk management products is intrinsic to the strategic direction of ADCB, led by an increasing demand for these services regionally.
The Joint Venture covers interest rate derivatives, foreign exchange derivatives, commodities and investor products. The principal business is customer structured derivatives (both risk management and asset management) and our target market is primarily the Gulf, but also includes other Middle Eastern countries.
To find out more please contact Macquarie.
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