Capital Group Establishes Its First Office in the Middle East, Signifying Growth Strategy

Capital Group Expands Presence in the Middle East

Capital Group, a prominent global leader in active investment management, has announced the opening of its first office in the Middle East, strategically located within the Abu Dhabi Global Market (ADGM). This significant initiative underscores the firm's ambitious long-term strategy to enhance growth globally.

The Abu Dhabi branch, expected to officially launch later this year pending regulatory approvals, will be the 35th office for Capital Group worldwide. This move reflects the company’s commitment to establish local capabilities that closely connect to its global platform.

The firm’s decision to set up operations in Abu Dhabi highlights its confidence in the Middle Eastern region, particularly in the United Arab Emirates (UAE) and its capital city, Abu Dhabi. The region has developed a robust and rapidly evolving financial ecosystem, backed by the Abu Dhabi Investment Office (ADIO).

His Excellency Ahmed Jasim Al Zaabi, Chair of ADGM, expressed enthusiasm about Capital Group's decision, stating, “We are pleased to welcome Capital Group to ADGM, as an increasing number of leading global financial institutions choose Abu Dhabi as the base for their long-term regional expansion. Their choice emphasizes the value investors place on regulatory certainty, strong institutions, and a stable environment for sustainable growth.” He added that ADGM is designed to support global companies operating on a large scale with a reliable legal framework and easy access to ample long-term capital.

Mike Gitlin, Chief Executive Officer of Capital Group, articulated that the firm takes a deliberate long-term approach in expanding its global presence and acts only when fully convinced of the timing. “The establishment of a presence in Abu Dhabi signifies our commitment to connect more closely with our business partners across the Middle East and reflects our intention to explore further investment opportunities in this dynamic region,” Gitlin stated.

Benno Klingenberg-Timm, Head of Institutional Business for Europe and Asia, will take charge of the new Abu Dhabi office. He remarked, “The UAE has emerged as a leading global financial center, confirming the strong growth momentum of the Gulf Cooperation Council (GCC) and the region as a whole. The Middle East is significant both as a standalone market and as a natural gateway between Europe, Asia, and Africa.”

Capital Group's expansion into Abu Dhabi aligns with the ADIO's commitment to creating a future-focused financial services ecosystem around its Financial Technology, Insurance, Digital Assets, and Alternatives (FIDA) platform.

Fatima Al Hamadi, Group Head of FIDA, explained, “We are building in Abu Dhabi a financial ecosystem designed to develop high-value, exportable financial capabilities to serve the next generation of global capital flows. The arrival of Capital Group showcases both the strength of our value proposition and our commitment to partnering with leading institutions to drive innovation, connect markets more closely, and support sustainable growth across the region.”

In summary, Capital Group's entry into the Middle Eastern market marks a pivotal development in its global growth strategy, reflecting trust in the region's potential and enhancing its ability to serve clients effectively.