State Street and Jadwa Investment Partner to Boost Oman’s Capital Markets | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis
On Wednesday, global financial services giant State Street Corporation (NYSE: STT) announced a strategic collaboration with Jadwa Investment, a prominent Middle Eastern investment management and advisory firm, to expand institutional offerings in Oman.
The Memorandum of Understanding (MoU) was signed on June 1, 2026, at the annual Oman Capital Market Conference in Muscat.
It formalises a working relationship between the two firms that had already been developing. Under the agreement, State Street and Jadwa will jointly identify and develop opportunities across advanced asset servicing and global custody capabilities for institutional clients operating within the Sultanate.
State Street has maintained a local office in Muscat and has been servicing institutional clients in the country for more than two decades.
Jack Keshishian, Head of Middle East and North Africa (ex KSA & Bahrain) at State Street, said the partnership reflects the firm’s “continued commitment to the Middle East.”
“We see significant opportunity in combining our global asset servicing expertise with Jadwa’s regional insights and investment capabilities to better support Omani clients,” he added, noting alignment with Oman’s Vision 2040 agenda.
Tariq Al-Sudairy, Managing Director and CEO of Jadwa Investment, echoed the sentiment, stating: “By leveraging our combined strengths, we aim to broaden access to high-quality investment solutions for institutional clients and support the continued growth of Oman’s financial ecosystem.”
Beyond client solutions, the two firms also plan to collaborate on training, knowledge sharing, and thought leadership initiatives.
