U.S.-based financial services provider State Street Corp. set up a new office in Abu Dhabi to expand its presence in the Middle East.

The firm has had an office in Dubai for 26 years, and its new office will be in the Abu Dhabi Global Market, an international financial center. It will focus on clients based in the Middle East, in areas including global custody, accounting, risk and performance analytics, securities lending and multiasset and active investment management.

The company's Middle East presence will be led by Oliver Berger and Emmanuel Laurina, who are senior executive officers at State Street Bank and Trust and State Street Global Advisors, respectively.