Capital Group Obtains FSRA Approval to Establish Abu Dhabi Operations
The global investment management giant, overseeing $3.6 trillion in assets, has secured regulatory authorisation from ADGM to conduct investment management, trading and distribution activities in the emirate.
Capital Group, one of the world’s foremost active investment managers, has been granted a Financial Services Permission by the Financial Services Regulatory Authority of Abu Dhabi Global Market, the international financial centre of Abu Dhabi. The authorisation permits the firm to operate as a regulated investment manager within ADGM, conducting trading, investment management and distribution activities.
The regulatory approval represents a significant milestone in Capital Group’s expansion strategy across the Middle East. The announcement follows the firm’s May 2026 declaration to establish its inaugural regional office in Abu Dhabi, a commitment that has already materialised through the relocation of experienced associates from North America, Europe and Asia. The firm’s operational footprint is anticipated to expand progressively, aligned with evolving business requirements and client demands.
Ahmed Jasim Al Zaabi, Chairman of ADGM, commended the development: “We are pleased to welcome Capital Group, a global investment manager, as it establishes a presence in Abu Dhabi. Its decision reflects the strength of Abu Dhabi’s financial ecosystem and ADGM’s growing position as a leading international financial centre for global institutions seeking long-term opportunities across the region.”
Mike Gitlin, President and Chief Executive Officer of Capital Group, underscored the strategic significance of the region for the organisation: “The Middle East is strategically important to Capital Group and our clients. Securing our regulatory licence in Abu Dhabi reflects our long-term commitment to the region and our conviction in its continued development as a leading international financial centre. We look forward to deepening our relationships with clients and partners.”
Benno Klingenberg-Timm, Head of the Abu Dhabi Office and Head of Institutional operations for Europe and Asia, articulated the firm’s comprehensive approach to establishing regional capabilities: “Establishing a regulated presence in Abu Dhabi brings us closer to our clients and to the investment opportunities across the Middle East, a region where we have been active for many years. From day one, we will have a meaningful presence, with on-the-ground investment, operational and client-facing capabilities. Much like the opening of our Singapore office in 1989, we’re bringing together the full breadth of Capital Group’s expertise in Abu Dhabi, reflecting our confidence in the region’s long-term growth.”
Source: WAM