Mondevo Group Chooses Abu Dhabi Global Market for New HQ, Emphasizing AI and Financial Services
Mondevo Group, renowned for its integrated wealth management and innovation solutions tailored for global family offices, has officially announced the establishment of its global headquarters in the prestigious Abu Dhabi Global Market (ADGM). This strategic move aligns with the emirate's ambitious vision of becoming a worldwide leader in artificial intelligence (AI), digital assets, and advanced financial services. By situating itself within ADGM, Mondevo aims to leverage a unique ecosystem designed to foster innovation and technological development.
Abu Dhabi was selected by Mondevo Group due to its favorable atmosphere for innovation, illustrated by its progressive regulatory framework, state-of-the-art AI infrastructure, and global connectivity. The emirate's commitment to digital transformation is backed by significant financial investments, including AED 13 billion dedicated to its Digital Strategy 2025-2027, all aimed at becoming the world’s first AI-powered government. This initiative is supported by the Mohamed bin Zayed University of Artificial Intelligence and the Hub71+ AI accelerator, which play pivotal roles in developing AI solutions across public services.
In addition, the regulatory environment within ADGM presents a tailored framework for managing digital assets, tokenization, and blockchain technologies, making it a natural fit for Mondevo's objectives. The jurisdiction's common-law system, tax efficiencies, and transparent regulations provide an optimal base for innovative financial services operations, further solidifying Abu Dhabi as a strategic location for the burgeoning company.
Hussam Otaibi, the visionary founder of Mondevo Group, remarked on the significance of this decision, highlighting Abu Dhabi's robust commitment to establishing itself as the capital of AI. Otaibi stated, "The emirate has constructed the ideal ecosystem tailored for our AI-native merchant banking platform. Unlike other financial hubs that struggle to integrate AI into pre-existing systems, Abu Dhabi is strategically crafting its future starting from fundamental principles."
Mondevo Group operates on three foundational pillars, each designed to complement and enhance its overall objectives: 1) Mondevo Wealth, offering AI-driven private wealth management solutions based in Switzerland; 2) Mondevo Ventures, focusing on investments in AI-native enterprises across various sectors; and 3) MondeVita, which specializes in luxury and lifestyle investments.
The group boasts an in-house technology hub located in Singapore, employing over 40 talented AI developers. This team is tasked with crafting custom large language models, developing real-time portfolio optimization systems, and implementing automated deal flow analysis capabilities — all of which are reshaping how family offices engage with private markets.
This incorporation seamlessly aligns with Abu Dhabi's goals of becoming a global hub for innovation-fueled economic development. The emirate's Digital Strategy 2025-2027 lays out a roadmap for creating an AI-centric government and deploying cutting-edge solutions throughout all sectors, creating a fertile environment for Mondevo Group's ambitious expansion plans.
Mondevo Group is recognized as a pioneering AI-native wealth and innovation ecosystem specifically designed to serve family offices worldwide, thriving under its three distinct operational pillars while reinforcing its mission with a dedicated technological team based in Singapore. This strategic focus aims to not only navigate but lead the ever-evolving landscape of wealth management and innovation.
As Mondevo Group embarks on this new chapter within the thriving environment of Abu Dhabi Global Market, it sets out to redefine the norms of investment and wealth management, establishing a significant global presence in the process.
Rationale Behind the Location Choice
Abu Dhabi was selected by Mondevo Group due to its favorable atmosphere for innovation, illustrated by its progressive regulatory framework, state-of-the-art AI infrastructure, and global connectivity. The emirate's commitment to digital transformation is backed by significant financial investments, including AED 13 billion dedicated to its Digital Strategy 2025-2027, all aimed at becoming the world’s first AI-powered government. This initiative is supported by the Mohamed bin Zayed University of Artificial Intelligence and the Hub71+ AI accelerator, which play pivotal roles in developing AI solutions across public services.
In addition, the regulatory environment within ADGM presents a tailored framework for managing digital assets, tokenization, and blockchain technologies, making it a natural fit for Mondevo's objectives. The jurisdiction's common-law system, tax efficiencies, and transparent regulations provide an optimal base for innovative financial services operations, further solidifying Abu Dhabi as a strategic location for the burgeoning company.
The Vision of an AI-Powered Future
Hussam Otaibi, the visionary founder of Mondevo Group, remarked on the significance of this decision, highlighting Abu Dhabi's robust commitment to establishing itself as the capital of AI. Otaibi stated, "The emirate has constructed the ideal ecosystem tailored for our AI-native merchant banking platform. Unlike other financial hubs that struggle to integrate AI into pre-existing systems, Abu Dhabi is strategically crafting its future starting from fundamental principles."
Mondevo Group operates on three foundational pillars, each designed to complement and enhance its overall objectives: 1) Mondevo Wealth, offering AI-driven private wealth management solutions based in Switzerland; 2) Mondevo Ventures, focusing on investments in AI-native enterprises across various sectors; and 3) MondeVita, which specializes in luxury and lifestyle investments.
The group boasts an in-house technology hub located in Singapore, employing over 40 talented AI developers. This team is tasked with crafting custom large language models, developing real-time portfolio optimization systems, and implementing automated deal flow analysis capabilities — all of which are reshaping how family offices engage with private markets.
Alignment with National Goals
This incorporation seamlessly aligns with Abu Dhabi's goals of becoming a global hub for innovation-fueled economic development. The emirate's Digital Strategy 2025-2027 lays out a roadmap for creating an AI-centric government and deploying cutting-edge solutions throughout all sectors, creating a fertile environment for Mondevo Group's ambitious expansion plans.
About Mondevo Group
Mondevo Group is recognized as a pioneering AI-native wealth and innovation ecosystem specifically designed to serve family offices worldwide, thriving under its three distinct operational pillars while reinforcing its mission with a dedicated technological team based in Singapore. This strategic focus aims to not only navigate but lead the ever-evolving landscape of wealth management and innovation.
As Mondevo Group embarks on this new chapter within the thriving environment of Abu Dhabi Global Market, it sets out to redefine the norms of investment and wealth management, establishing a significant global presence in the process.
Topics Business Technology）
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