ABU DHABI: Major Milestones at ADGM with $635 Billion AUM in Q4
Introducing Major Developments at ADGM
The Abu Dhabi Global Market (ADGM), a premier international financial center, has recently unveiled significant advancements as it reaches an impressive $635 billion in Assets Under Management (AUM) during the fourth quarter of 2024. This surge reflects not only the growth of ADGM but also the global confidence placed in this thriving financial hub.
During the recent Abu Dhabi Finance Week (ADFW), ADGM revealed 19 major announcements from its financial institutions, marking a milestone that emphasizes its status as a global leader in asset management. This represents a remarkable jump from $450 billion in previous years, showcasing ADGM's ascent as one of the most dynamic asset management jurisdictions in the world.
The notable growth of ADGM is underscored by the establishment of billionaire-led family offices, including those of prominent figures such as Asif Aziz, Wafic Said, and Kishin RK. This influx of high-net-worth individuals reinforces the center’s position as a leading global wealth management destination.
H.E. Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development, commented on the growth and international interest in ADGM.
Topics Business Technology）
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