Abu Dhabi:Capital Group, a leading global investment manager, has obtained a Financial Services Permission from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). This approval allows the firm to conduct trading, investment management, and distribution activities as a regulated investment manager within the ADGM.

According to Emirates News Agency, this regulatory milestone is part of Capital Group's ongoing commitment to the Middle East, following its announcement in May 2026 to establish its first office in the region in Abu Dhabi. The firm has been relocating staff from North America, Europe, and Asia to enhance its investment, operational, and client-facing expertise in the region, with plans for further local expansion to meet business and client needs.

Ahmed Jasim Al Zaabi, Chairman of ADGM, expressed enthusiasm for Capital Group's decision to establish a presence in Abu Dhabi, noting it underscores the strength of Abu Dhabi's financial ecosystem and ADGM's position as a prominent international financial center.

Mike Gitlin, President and CEO of Capital Group, emphasized the strategic importance of the Middle East to the firm's operations and highlighted the regulatory license as a testament to their commitment to the region and confidence in its future growth.

Benno Klingenberg-Timm, Head of the Abu Dhabi Office and Head of Institutional for Europe and Asia at Capital Group, remarked on the significance of establishing a regulated presence in Abu Dhabi. He noted that this move mirrors the firm's strategy when opening its Singapore office in 1989, bringing Capital Group's comprehensive expertise closer to clients and opportunities in the Middle East.