State Street Is Set to Reopen Dubai Office After Four Years
- Firm plans to focus on investment servicing in Abu Dhabi
- Will consolidate asset management services in Dubai and Riyadh
The State Street Corp. building in Boston, Massachusetts.
Photographer: Scott Eisen/BloombergThis article is for subscribers only.
State Street Corp. is set to reopen its Dubai office four years after shuttering its outpost in the city’s financial district in favor of neighboring Abu Dhabi.
State Street Global Advisors aims to consolidate asset management services in its Dubai and Riyadh offices, it said in a statement to Bloomberg News. The firm will continue adding to its team at Abu Dhabi Global Market, where staff will focus solely on investment servicing.