The in-principle approval paves way for Abu Dhabi branch as the bank targets sovereign wealth funds and institutional clients.
BBVA has received in- principle approval from Abu Dhabi Global Market’s Financial Services Regulatory Authority to obtain a Category 4 licence, enabling it to broaden its corporate and investment banking activities in the Middle East. The bank has maintained a representative office in Abu Dhabi since 2013 Eduardo Ortiz Gross, head of BBVA corporate and investment banking in the region, has been appointed senior executive officer for the Abu Dhabi branch, where he wi