Capital Group has announced its plans to establish its first office in the Middle East, to be located in the Abu Dhabi Global Market (ADGM) in the United Arab Emirates. According to the firm, the Abu Dhabi office is expected to formally open by the end of this year, pending regulatory approvals.
The asset manager added that this is a decisive step in Capital Group’s long-term strategy to accelerate its global growth. It also reflects the company’s confidence in the Middle East region, the United Arab Emirates, and Abu Dhabi as a strong and rapidly evolving financial ecosystem, supported by the Abu Dhabi Investment Office (ADIO).
The planned office in Abu Dhabi will be Capital Group’s 35th worldwide, demonstrating the company’s consistent approach to establishing a local presence closely linked to its global platform. As in other markets, its goal is to grow gradually over time, in line with client needs and Capital Group’s long-term investment culture.
“We are pleased to welcome Capital Group to ADGM at a time when an increasing number of leading global financial institutions are choosing Abu Dhabi as a base for their long-term regional expansion. Their decision underscores the value investors place on regulatory certainty, institutional strength, and a stable environment that supports sustainable growth. With a robust legal framework and access to abundant long-term capital, ADGM is designed 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 opportunities, and as a place where long-term partnerships are built with confidence,” said Ahmed Jasim Al Zaabi, Chairman of Abu Dhabi Global Market (ADGM).
For his part, Mike Gitlin, President and CEO of Capital Group, added: “We take a deliberate, long-term approach when building our global presence, and only move forward when we have strong conviction. This is one of those moments. Establishing a presence in Abu Dhabi demonstrates our commitment to being closer to our business partners in the Middle East, as well as our intention to explore new investment opportunities in this dynamic region.”
Capital Group will relocate Benno Klingenberg-Timm, Head of Institutional Business for Europe and Asia, who will also assume responsibility for leading the Abu Dhabi office. Klingenberg-Timm commented: “The UAE has established itself as a leading global financial center, 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 for its natural role as a bridge between Europe, Asia, and Africa.”
Capital Group’s expansion in Abu Dhabi reflects ADIO’s commitment to building a future-oriented financial services ecosystem, led by ADIO’s FinTech, Insurance, Digital, and Alternative Assets (FIDA) platform. Fatima Al Hamadi, Head of the FIDA cluster, stated: “Through the FIDA (Financial Investment and Digital Assets) 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 center. 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 facilitating strategic investments and enhancing integration between global markets, contributing to sustainable growth and a future-ready economy.”
