Monday, First Abu Dhabi Bank announced a strategic collaboration with T. Rowe Price Group, Inc. (TROW), an asset management company, to expand the range of investment offerings for its clients.
Under the deal, T. Rowe Price will act as the bank's investment partner, providing investment solutions across equity, fixed income, alternatives and multi-asset strategies.
With this collaboration, both the firms plan to offer personalized investment solutions across retail, private banking and institutional client segments.
TROW closed its trading at $107.31, down 1.16 percent on the Nasdaq.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.