Capital Group Secures ADGM Licence for First Middle East Office in Abu Dhabi
Capital Group, one of the world's largest active investment managers with $3.6 trillion in assets under management, announced on October 7 that it has secured a Financial Services Permission from the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM), authorising it to conduct trading, investment management and distribution activities within ADGM.
The licence is the next phase of the firm's long-term commitment to the region, following its May 2026 announcement of plans to establish its first Middle East office in Abu Dhabi. The firm has since relocated associates from North America, Europe and Asia, bringing investment, operational and client-facing expertise onshore, with local headcount expected to grow over time.
Benno Klingenberg-Timm, head of the Abu Dhabi office, said a regulated presence brings the firm closer to clients and to investment opportunities across the Middle East. He compared the opening to the firm's Singapore office in 1989, reflecting confidence in the region's long-term growth.
Global asset managers queueing into ADGM is the latest chapter in Abu Dhabi's financial-centre build-out alongside Dubai. For Chinese professionals in UAE wealth management, fund distribution and fintech, the localisation of global firms translates directly into hiring and compliance roles.
Published by GSM · USA (original Chinese edition)
Photo: 阿布扎比玛丽亚岛／天际线实景，摄影：佚名，CC BY-SA 4.0，来源：Wikimedia Commons（File:Al Mariah Island- Abudhabi.jpg）
