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Bank of New York is considering boosting the size of its GCC office in Abu Dhabi in response to the growth of its regional business. ‘We’ve seen a significant increase in revenue from the Gulf and should commit more resources to the region,’ chief executive officer Thomas Renyi told MEED on 21 February in Dubai. About 10 per cent of the bank’s revenue is generated across Eastern Europe, Middle East and Africa. ‘We sense in the Gulf that local capital markets have become very active and there is a tremendous amount of liquidity and an intent to integrate into the global market,’ Renyi said. ‘The level and type of our activity is changing.’