Custody Members:

Citi has been present in the United Arab Emirates since 1964 when we opened our first branch in Dubai. Since then, we have been known for delivering excellence and consistently introducing world-class banking products and services to the UAE market. We consistently rank as the premier choice for cash management and trade services, foreign exchange products, corporate finance and custodian services in the UAE.

Citi Direct Custody and Clearing (DCC) business provides asset servicing and transaction clearing primarily to intermediaries such as broker-dealers and global custodian banks, and increasingly to fund managers, insurance companies, and other local and global investors through our proprietary network in more than 60 markets worldwide. The scale of this network, provided through our own offices and staffed with Citi experts in each market, sets Citi apart from the competition.

Citi has been providing DCC services to clients investing in the UAE since January 2009 across all three exchanges: Abu Dhabi Securities Exchange (ADX), Dubai Financial Market (DFM) and Nasdaq Dubai.

Deutsche Bank established its offering of domestic custody services for the Dubai Financial Market (DFM) in 2008, providing product innovations to clients whose demands from a securities services provider were diversifying rapidly as key markets in the region moved towards emerging market status.

We are dedicated to providing cross-border custody services and fund administration consistently to exceptional standards as part of our commitment to support our clients’ success. Deutsche Bank offers its domestic custody clients an unique combination of local expertise backed by the resources of a leading global bank. With a worldwide team of custody experts, leading-edge technology and a track record of consistent product innovation, Deutsche Bank is committed to delivering exceptional and efficient domestic custody services to its clients.

Our commitment to the UAE financial markets is reflected in the awards won in the recent years.

• Global Custodian Rating in 2014 for Custody Services in the U.A.E.
  • Global Outperformer
  • Market Outperformer
  • Category Outperformer – Settlement; Asset Servicing; Relationship and Client Service; Ancillary Services; Technology; and Value Delivered
•  Global Investor Sub-Custody Guide U.A.E.
  • Top-rated status in UAE (Unweighted & Weighted by Importance) for 2013
  • Top-rated status in UAE (Unweighted) for 2014 & 2015
  • Fund Administrator of the Year Middle East from 2010 to 2014 

To empower its customers and clients to Grow Stronger, FAB is initiating a powerful movement, which goes beyond banking. The Grow Stronger movement represents the bank’s promise to support its stakeholders’ goals and growth ambitions, providing ideas, tools and expertise to help them become stronger, today and in the future.

Through a strong, diversified balance sheet, leading efficiency and a solid corporate governance structure in place, FAB is set to drive growth forward.

FAB has the largest international presence among all UAE banks. It is well diversified with banking units in strategic locations worldwide; stretching from Oman, Kuwait, and Bahrain in the G.C.C.; Egypt, Libya, and Sudan in Africa; UK, France, and Switzerland in Europe; Hong Kong and Jordan in Asia to Washington, D.C. in the U.S.A.

Since 1998, FAB has maintained its leading position in the Securities Services business in the UAE and in 2008 FAB NBAD launched Custody Service to become the first local bank offering the full suite of Securities and Fund administration Services in UAE markets. Securities and Funds Administration Services complements FAB’s unmatched local wealth management product suite, offering our clients integrated services through fully fledged wealth management solution. FAB products extend to the GCC and ME countries through regional Custody services, with the goal of expanding our proprietary network across the region.

The bank offers industry standard Custody solution through a full range of core and value-added custody which includes:

Settlement & Clearing of Securities and Cash:

• Pre-matching executed trades
• Trade status advices
• Simultaneous movement of clients’ cash and securities position both on proprietary system and on market level (with the latter being as per each market’s operating model)

• Cash clearing obligations for executed trades
• Management of failed trades as applicable

Safekeeping of Securities & associated cash:

• Daily reconciliation between FAB proprietary system and Depositories systems
• Maintaining clients’ cash position under FAB Core banking system

Reporting:

• Trades Status update (pre-matching & matching reports)
• Settlement reports (Securities & Cash)
• Portfolio valuation
• Value added reports (performance, attribution, and more)

Transaction reports Asset Servicing:

• Income collection
• Voluntary & Involuntary Corporate events
• Proxy services

Cash Management:

• Foreign Exchange
• Collateral Management

  Market Information Services:

• Daily FAB analysis and briefings
• Market change newsflash

Standard Chartered has been meeting securities industry participants' needs in the Greater Asia region for over 150 years, serving a discerning client base that comprises the world's largest global custodians, many major broker-dealers, a substantial number of trust banks and securities houses. In 2009, Standard Chartered began its 89th year in the Middle East region, with over 50 years in the UAE. Our securities services cover the entire UAE market including the Dubai Financial Market (DFM). 
 
Our services include:

• Efficient securities transaction processing
• Dedicated experienced Client Service team
• Registration and Safekeeping
• Conventional and Islamic Escrow services
• Corporate Action and Income Collection
• Client Reporting
• Market Information and Intelligence

The most recent awards which have been bestowed on Standard Chartered Bank include the following:

• Best Sub-Custodian Bank in UAE 2009 (2nd consecutive year), Global Finance
• Custodian of the Year: Middle East and Africa 2009 (2nd consecutive year), International Custody and Fund Administration (ICFA)
• Best Islamic Investment Bank, Middle East 2009, The Asset Triple A Islamic Finance Awards.

We are currently expanding our Middle East and North African footprint.

Over the past decade, our Middle East network has grown to cover 11 markets in the region including the 6 Gulf Co-operation Council countries of United Arab Emirates, Qatar, Saudi Arabia, Oman, Kuwait and Bahrain.

HSBC’s Sub-Custody and Clearing is the sub-custody and securities clearing business of The Hongkong and Shanghai Banking Corporation Limited, the founding and principal member of the HSBC Group. It is one of the core businesses under HSS and is managed as one network, offering consistent services and standards across 40 markets worldwide. 

In the Middle East and North Africa (MENA) region, HSBC has been recognized as the longest-established international sub-custodian bank in both the global custodian and broker-dealer segments across the 12 countries in the region. It offers an unparalleled level of coverage on the ground that no other provider comes close to matching. In addition to this, HSBC has also been awarded the “Most Active Custodian at DFM 2001-2010” award by the DFM.

HSBC shares its regional experience and local market knowledge with clients as they move into new markets, acting as a trusted adviser to clients when they are developing their strategy for each new country. 

HSBC Securities Services’ commitment to excellence is reflected in the numerous industry awards won in 2010 and 2011, clearly evidencing our contribution to the business by our clients and by the industry.

•  Best Sub-Custodian in 2010 and 2011 (Global Finance Best Sub-Custodian Bank Award)
• Top Rated status in ‘Cross-Border’ and ‘Domestic Client’ category in 2010 (Global Custodian Agent Banks in Emerging Markets Survey)
• Best Custody Specialist – Middle East, 2011 (The Asset Triple A Asian Awards)
• Best Direct Custody in the Middle East, 2010 (Asian Investor Service Provider Awards)
• Ranked Number 1 in both weighted and unweighted category – Global Investor Sub-Custody Survey 2010/11