Franklin Templeton has secured operating licenses from the UAE Capital Market Authority (CMA) for its new entity in Abu Dhabi.

The approval allows the firm to operate onshore in the capital.

This addition means Franklin Templeton now holds a presence across all three financial jurisdictions in the UAE, alongside its existing operations in the ADGM and the Dubai International Financial Centre (DIFC).

The new entity will focus on expanding the firm’s investment services for local clients. Key areas of development include retirement savings products and end-of-service solutions tailored to the UAE market.

According to the company, it is the first global asset manager to operate across all three of the country’s key regulatory environments.

The firm has maintained a presence in the UAE for over 25 years.

“The UAE is an increasingly important market for global asset management, but long-term success here depends on being close to clients and deeply connected to local priorities,”

said Matthew Harrison, Head of EMEA and Americas ex-US, Franklin Templeton.

“With offices now across all three financial jurisdictions, we are uniquely positioned to serve clients across the UAE’s key regulatory environments,”

said Sandeep Singh, Head of CEEMEA and Head of Global Official Institutions, Franklin Templeton.

He added that the firm aims to bring its global investment expertise to areas that matter locally, including tailored wealth and retirement solutions.

Featured image credit: Edited by Fintech News UAE, based on image by offpage91 via Magnific