Mike Gitlin

Capital Group, one of the world’s largest and most experienced active investment managers with US$3.6 trillion^[1] of assets under management, announced today that it has secured a Financial Services Permission from the Financial Services Regulatory Authority (FSRA) of ADGM, the international financial centre of Abu Dhabi, the Capital of the United Arab Emirates, enabling the firm to operate as a regulated investment manager. The approval authorises Capital Group^[2] to conduct trading, investment management and distribution activities within ADGM.

The regulatory milestone marks the next phase of Capital Group’s long-term commitment to the region, following its May 2026 announcement of plans to establish its first Middle East office in Abu Dhabi. The firm has since relocated associates from North America, Europe and Asia, bringing investment, operational and client-facing expertise closer to clients and opportunities in the region. Its local presence is expected to grow over time, in line with business and client needs.

Benno Klingenberg-Timm, Head of Abu Dhabi Office and Head of Institutional for Europe and Asia, Capital Group, said: “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.”

H.E. Ahmed Jasim Al Zaabi, Chairman of ADGM, said: “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 CEO of Capital Group, said: “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.”

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Notes:
[1] Data as of June 30, 2026. Source: Capital Group
[2] Capital Group Investment Management Co Ltd.

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Mike Gitlin

Capital Group, one of the world’s largest and leading active investment managers¹, today announces plans to establish its first office in the Middle East, in the UAE’s Abu Dhabi Global Market (ADGM). The firm expects the Abu Dhabi office to formally open later this year, subject to regulatory approvals.

This is a landmark step in Capital Group’s long-term strategy to accelerate growth globally. It reflects the firm’s conviction in the Middle East Region, the UAE and Abu Dhabi as a rapidly evolving and strong financial ecosystem, supported by Abu Dhabi Investment Office (ADIO).

The planned Abu Dhabi location will be Capital Group’s 35th office worldwide, reflecting the firm’s consistent approach to establishing local capabilities that are closely connected to its global platform. As in other markets, the intent is to build steadily over time, aligned with client needs and Capital Group’s long-term investment culture. 

H.E. Ahmed Jasim Al Zaabi, Chairman of Abu Dhabi Global Market (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 said, “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.”

Capital Group is relocating Benno Klingenberg-Timm, Head of Institutional for Europe and Asia, to take on the additional responsibility of head of 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.”

Capital Group’s expansion into Abu Dhabi reflects ADIO’s commitment to create a future-facing financial services ecosystem led by ADIO’s FinTech, Insurance, Digital and Alternative Assets (FIDA) platform.

Fatima Al Hamadi, Head of the FIDA Cluster, said: “Through the FIDA cluster, ADIO is building an integrated financial ecosystem that brings together innovative solutions, digital capabilities and advanced regulatory frameworks, reinforcing Abu Dhabi’s position as a leading global financial centre. Capital Group’s expansion in Abu Dhabi reflects the strength and attractiveness of the emirate’s ecosystem for global institutions with long-term ambitions. It also underscores our commitment to enabling strategic investments and enhancing integration across global markets, contributing to sustainable growth and a future-ready economy.”

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Notes:
[1] Data as of 31 December 2025. Source: Capital Group.

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