US-based Capital Group, one of the world’s largest active investment managers, has announced plans to open its first office in the Middle East in ADGM.
The firm expects the office to open later this year, subject to regulatory approval.
The move is part of Capital Group’s broader global expansion strategy and reflects its view of the Middle East, and the UAE in particular, as an established and growing financial centre.
The office will be supported by the Abu Dhabi Investment Office (ADIO).
Once established, the Abu Dhabi office will be the firm’s 35th globally. Capital Group said it intends to develop its presence gradually, in line with client demand and its long-term investment approach.
Ahmed Jasim Al Zaabi, Chairman of ADGM, said:
“Their decision underscores the value investors place on regulatory certainty, strong institutions, and a stable environment for sustainable growth. With a robust legal framework and access to deep, long-term capital, ADGM is built to support global firms operating at scale.”
Mike Gitlin, President and CEO of Capital Group, said:
“Establishing a presence in Abu Dhabi demonstrates our commitment to being closer to our business partners across the Middle East as well as our intent to explore further investments in this dynamic region.”
Capital Group has relocated Benno Klingenberg-Timm, Head of Institutional for Europe and Asia, to lead its Abu Dhabi office in addition to his current responsibilities.
Featured image credit: Edited by Fintech News UAE, based on image by mrsiraphol via Magnific
