Emirates NBD and StockGro sign MoU to explore digital investing in UAE, India
The agreement was signed at the Dubai FinTech Summit.
Emirates NBD and StockGro have signed a Memorandum of Understanding (MoU) to explore digital investment solutions for customers in the UAE and India. The agreement was signed at the Dubai FinTech Summit.
Under the MoU, the two companies will explore how Emirates NBD’s banking and wealth expertise could work with StockGro’s investment research, advisory and AI-powered analysis to grow digital investment across both markets. It also gives StockGro a chance to assess its research and AI capabilities in an international market.
Neeraj Makin, Group Head of Strategy, Analytics and Venture Capital at Emirates NBD, and Ajay Lakhotia, Founder, Managing Director and CEO of StockGro, signed the MoU. Hitesh Asarpota, CEO of Emirates NBD Capital, and Mohammed Al Bastaki, Group Head of Private Banking and Wealth Management, were also present.
The MoU marks StockGro’s move to take its research and AI capabilities beyond India.
Lakhotia said: “The UAE is going through a structural shift. Incomes are rising, consumer spending is strong, and people are quickly going digital. All of this is making its capital markets stronger, and local investors are getting more involved. What they need now is research and expert-backed advice they can trust. With Emirates NBD, we can bring the tools loved by over 37 million Indian investors to the UAE, and help every investor move from confusion to conviction.”
