Capital Group To Establish First Middle East Office In Abu Dhabi Global Market

Capital Group, one of the world's largest active investment managers, has announced its plans to establish its first office in the Middle East, located within the Abu Dhabi Global Market (ADGM). The firm anticipates the Abu Dhabi office will formally open later this year, pending regulatory approvals.

This initiative represents a significant step in Capital Group's long-term strategy for accelerated global growth. It underscores the firm's strong belief in the Middle East Region, the UAE, and Abu Dhabi as a rapidly developing and robust financial ecosystem, with support from the Abu Dhabi Investment Office (ADIO).

The planned Abu Dhabi location will mark Capital Group's 35th office globally. This expansion aligns with the firm's consistent strategy of developing local capabilities that are closely integrated with its global platform. As observed in other markets, the intention is to build operations steadily over time, in line with client requirements and Capital Group's enduring investment culture.

H.E. Ahmed Jasim Al Zaabi, Chairman of ADGM said:

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. With a robust legal framework and access to deep, long-term capital, ADGM is built to support global firms operating at scale. 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.

Mike Gitlin, President and CEO of Capital Group

Mike Gitlin, President and CEO of Capital Group commented:

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.

Benno Klingenberg-Timm, Head of Institutional for Europe and Asia of Capital Group

Capital Group is relocating Benno Klingenberg-Timm, Head of Institutional for Europe and Asia of Capital Group, to additionally lead its Abu Dhabi office. Klingenberg-Timm commented:

The UAE has established itself as a leading global financial centre, 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.

The expansion by Capital Group into Abu Dhabi is consistent with ADIO's dedication to fostering a forward-looking financial services ecosystem, spearheaded by ADIO's FinTech, Insurance, Digital and Alternative Assets (FIDA) platform. This move highlights the growing importance of the Middle East as a hub for institutional FX and investment.

Fatima Al Hamadi, Head of the FIDA Cluster

Fatima Al Hamadi, Head of the FIDA Cluster, commented:

We are building a financial ecosystem in Abu Dhabi that is 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 strategic expansion into a prominent financial centre like ADGM underscores a broader trend in the institutional finance sector. As global investment managers seek to enhance their reach and tap into new markets, understanding the nuances of prime brokerage comparison and the role of Tier 1 liquidity providers becomes increasingly vital for seamless operations and robust market access. The move also signals the region's increasing prominence in attracting top-tier financial entities, further developing its capabilities as an institutional crypto infrastructure hub for digital assets.

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