State Street Global Advisors, the asset management business of State Street Corporation(NYSE: STT), has announced plans to strengthen its intermediary network in the United Arab Emirates (UAE) by seeking to register five UCITS mutual funds with the Emirates Securities and Commodities Authority (ESCA). Subsequent to regulatory approval, the funds will be promoted through intermediaries onshore in the UAE to qualified investors. "We are focusing on intermediaries as a central part of our UAE operations," commented Emmanuel Laurina, State Street Global Advisors' Head of Middle East and A...
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