ICBC Asia, the regional investment management arm of China's ICBC Group, has partnered with the National Bank of Abu Dhabi to market both firms' capabilities through their respective channels. 

The memorandum of understanding facilitates the marketing and distribution of ICBC Asia Investment Management private equity and fixed income products in the UAE, while ICBCAIM introduces NBAD's cautious income fund and dividend leader fund to its network. 

The partnership with NBAD complements ICBC's expansion strategy in the Middle East. In January, the Chinese firm signed a distribution agreement with Gulf Investment Corporation, giving GIC access to some 1.5 million high net worth Chinese individuals. National Bank of Abu Dhabi is one of the largest asset managers in its region.