#Abu Dhabi #Middle East #UAE #Capital Group

Capital Group Expands into the Middle East

Capital Group, recognized as one of the largest and most influential active investment managers worldwide, has declared its intention to establish its inaugural office in the Middle East. This new location will be situated within the Abu Dhabi Global Market (ADGM) and is expected to commence operations later this year, pending necessary regulatory approvals.

This strategic decision represents a pivotal moment in Capital Group's ongoing global growth strategy. The company is keenly focused on the Middle Eastern market, particularly the United Arab Emirates (UAE) and Abu Dhabi, which is rapidly evolving into a robust financial ecosystem supported by the Abu Dhabi Investment Office (ADIO).

With its Abu Dhabi office, Capital Group will have 35 offices around the globe, a reflection of its commitment to building local capabilities that align closely with its international platform. The firm’s approach in the region will be incremental, aimed at adapting to client needs while adhering to its long-term investment ethos.

H.E. Ahmed Jasim Al Zaabi, Chairman of ADGM, expressed enthusiasm over the news, stating, "We are pleased to welcome Capital Group to ADGM as more leading global financial institutions choose Abu Dhabi as the base for their long-term regional expansion. Their decision underscores the value investors place on regulatory certainty, strong institutions, and a stable environment for sustainable growth."

He emphasized ADGM’s ability to support global firms, pointing to its robust legal framework and access to long-term capital. "Capital Group's presence further strengthens Abu Dhabi's role as a bridge between international capital and regional opportunity, and as a place where enduring partnerships are formed with confidence," he added.

Mike Gitlin, President and CEO of Capital Group, highlighted the company’s careful approach to expanding its global presence. "We take a long-term and deliberate approach to building our global footprint, and we move only when we have high conviction. This is one of those moments. 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," he said.

Benno Klingenberg-Timm, currently the Head of Institutional for Europe and Asia, will be relocated to head the Abu Dhabi office. He remarked, "The UAE has established itself as a leading global financial center, reflecting the strong growth dynamics of the Gulf Cooperation Council (GCC) and the broader region. The Middle East is important both as a market in its own right and as a natural gateway connecting Europe, Asia, and Africa."

Capital Group’s expansion aligns with ADIO's mission to foster a future-focused financial services ecosystem, championing innovation through its FinTech, Insurance, Digital, and Alternative Assets (FIDA) platform.

Fatima Al Hamadi, Head of the FIDA Cluster, said, "We are building a financial ecosystem in Abu Dhabi designed to develop high-value, exportable financial capabilities enabling the next generation of global capital flows. Welcoming Capital Group reflects both the strength of our value proposition and our commitment to partnering with leading institutions to drive innovation, deepen market connectivity, and support sustainable growth across the region."

This new office in Abu Dhabi marks a significant milestone for Capital Group and underscores the increasing attractiveness of the Middle Eastern market to global financial entities. The company's vision for strategic growth ensures that it remains a key player in the investment landscape, not just locally but on a global scale.