State Street plans to expand UAE operations

WAM

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, and President of the Dubai International Financial Centre, has met Ronald P. O’Hanley, Chairman and Chief Executive Officer of State Street Corporation.

The meeting discussed State Street’s plans to expand its operations in the UAE, including opportunities for Emirati talent in technology, artificial intelligence, financial services and other emerging areas.

The two sides also explored further cooperation in investment management, financial technology and capital markets.

Sheikh Maktoum highlighted the UAE’s efforts to strengthen its financial ecosystem and support the expansion of international institutions across regional and global markets.

State Street already has a presence in the Dubai International Financial Centre and operates in more than 100 markets worldwide.

The meeting was also attended by H.H. Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, and Chairman and Chief Executive of Emirates Airline and Group.

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