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The First Abu Dhabi Bank was formed as a result of a merger between First Gulf Bank (FGB) and National Bank of Abu Dhabi (NBAD) in 2016.
It offers financial solutions, investment banking and both corporate and personal banking.
Headquartered in Abu Dhabi, the First Abu Dhabi Bank has a presence in 5 continents including Europe, Africa and Asia Pacific.
The bank is authorised and regulated by the Central Bank of the United Arab Emirates and the Securities and Commodities Authority of the United Arab Emirates.
First Abu Dhabi (FAB) Bank claim to offer uniquely tailored and customised private banking solutions to clients, with a primary focus on capital preservation, investment performance and seizing market opportunities.
The wealth managers assigned to clients at FAB, aim to help them identify their goals and formulate financial strategies based on that.
FAB also claims to have experienced and skilled private bankers that can help you integrate financial strategies and incorporate a wide range of investment products and wealth solutions based on suitability.
These private bankers are said to be supported by a team of investment specialists who provide clients with investment advice.
FAB also has global investment platforms that allow you to implement strategies in primary international locations such as UAE, Paris, Geneva, London and Singapore (we would recommend reading the expert verdict section).
The range of investment options FAB provides their private client's with can be summarised below:
|Global funds||First Abu Dhabi Bank's investment platform offers you access to a wide range of global investment funds like equity mutual funds, fixed income mutual funds, fixed maturity plans and other mutual funds.|
|FAB funds||First Abu Dhabi Bank has a range of their own investment funds like the balanced allocation fund, net asset value, conservative allocation fund, growth allocation fund, MENA bond fund, UAE trading fund, etc.|
|Structured products||They claim to allow private clients access to a range of equities, FX, commodities, and interest-linked investments across the globe.|
|Custody||FAB offer HNW clients a comprehensive range of post-trading services like asset servicing, trade settlements, accurate reporting and safekeeping.|
|Securities brokerage||It also offers access to certified brokers and advisors online and through a trading platform.|
Securities prices information
|You can find these prices in the documents section of this review.|
|FAB invest and grow||First Abu Dhabi Bank's invest and grow option is suitable to those who wish to invest smaller amounts gradually through systematic investments.|
First Abu Dhabi Bank's wealth solutions can be summarised below:
We would highly recommend reading the 'expert verdict' section of this review to make an informed financial decision.
Additionally, here's a free guide that can help you achieve better results. In this guide, you'll learn:
Yes, First Abu Dhabi Bank provides corporate and investment banking services.
This includes business banking, global transaction banking, providing market insights, etc.
This service is mainly targeted at government entities, financial institutions, MNCs and SMEs.
Yes, FAB Securities is a subsidiary of First Abu Dhabi Bank that focusses on providing brokerage and execution services.
FAB Properties is another subsidiary of First Abu Dhabi Bank that provide clients with real estate solutions.
FAB's team of professionals provide market data and research regarding exchange rates, commodity markets, credit, etc.
They also have a weekly view on investment issues and a global investment outlook that gives insights into trends of the year and the investment environment.
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With First Abu Dhabi Bank (FAB) you are assigned an account manager, rather than a private banking specialist.
This is fine for retail banking but not for private banking, as this typically means fewer qualifications and the likelihood you are working with a salesperson rather than a fiduciary who has your best interests at heart.
If you are already a private banking client of FAB, we would recommend a no-obligation Second Opinion to ensure you are on track to reach your ideal future.
Additionally, we are happy to review the financial plan that has led to the investment portfolio you currently have.