Emirates NBD has signed a memorandum of understanding (MoU) with J.P. Morgan Asset Management.
Through this agreement, both firms aim to develop digital wealth and investment tools for the bank’s customers.
As part of the MoU, the two firms will explore adding active ETFs from J.P. Morgan Asset Management to Emirates NBD’s digital platforms.
In turn, customers could gain access to a wider range of international markets.
In addition, both parties will consider ways to support investor education. For example, these could include joint content, market insights, webcasts, events and digital tools.
“We are pleased to collaborate with J.P. Morgan Asset Management as we continue to develop our digital wealth proposition,”
said Raed AlJaser, Head of Wealth Management at Emirates NBD.
“Digital platforms are transforming how customers access investments, engage with markets and build long-term wealth,”
said Claude Kurzo, Head of Middle East and North Africa at J.P. Morgan Asset Management.
AlJaser also linked the initiative to Dubai’s goal of becoming a leading global financial hub.
This goal forms part of the Dubai Economic Agenda (D33). Kurzo, meanwhile, said the bank’s regional reach and the asset manager’s expertise could help create new solutions for UAE investors.
Featured image: Edited by Fintech News UAE, based on image by Emirates NBD via its Press Release.
