Emirates NBD Signs with Pioneers Waseet Securities for General Clearing Member services

Emirates NBD, a leading bank in the region, today introduced that UAE-based Pioneers Waseet Securities has actually signed up as trading member to make use the bank's settlement and clearing services.

Complying with approval by 'SCA - Stocks and Commodities Authority as a General Clearing Member, Emirates NBD has added numerous clients to its expanding portfolio making it the market leader in giving clearing and negotiation services to trading individuals of the UAE's equity markets.

Commenting the partnership, Tariq Bin Hendi, Executive Vice President and Head of Products & Advisory, Emirates NBD Group said, "We are happy to provide Pioneers Waseet Securities a range of efficient and affordable solutions as we remain to expand our insurance coverage of brokerage firms in the UAE."

Shaikh Majid bin Hamad Alqasimi, Chairman of Pioneers Waseet Stocks said, "Emirates NBD is a relied on name and finalizing with the leading bank in the UAE to supply clearing up and settlement solutions will certainly help us strengthen track record and instil investor self-confidence. We look forward to functioning closely with them as we continuously add value to our clients."

Seen here in the picture are Shaikh Majid bin Hamad Alqasimi, Chairman of Pioneers Waseet Securities, and Mr. Deeptha Premasinghe, Head, General Clearing Member Services at Emirates NBD.