Dubai:H.H. 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 (DIFC), met with Ronald P. O'Hanley, Chairman and CEO of State Street Corporation, a leading global financial services provider to institutional investors.
According to Emirates News Agency, the meeting highlighted the UAE's ongoing investments aimed at strengthening its financial ecosystem, allowing international institutions to expand operations and tap into regional and global market opportunities.
The discussions focused on the UAE's advanced infrastructure, business-enabling services, regulatory environment, and specialized talent pool, which support the growth of global financial institutions. Additionally, State Street's plans to expand operations in the UAE were discussed, aiming to create opportunities for Emirati talent and enhance local capabilities in various emerging sectors.
Both parties explored opportunities for collaboration in investment management, financial technology, and capital markets, with an emphasis on how emerging technologies are reshaping financial services. The meeting also touched on Dubai's initiatives to enhance its capital markets and strengthen ties between global capital and regional businesses, aligning with the Dubai Economic Agenda, D33.
State Street Corporation, with a history of over 230 years, offers a wide range of financial services. By the end of September 2026, it managed $59.2 trillion in assets under custody and $6.3 trillion in assets under management, achieving record annual revenue of $14 billion in 2025. Globally, State Street operates in over 100 markets and employs around 51,000 individuals, with a significant presence in the UAE, including an office in DIFC.
The meeting was also attended by prominent UAE officials including H.H. Sheikh Ahmed bin Saeed Al Maktoum, Mohamed bin Hadi Al Hussaini, Malek Al Malek, Issam Kazim, and Arif Amiri.
