Aberdeen Asset Management has opened an office in Abu Dhabi, the capital of the United Arab Emirates.
Aberdeen has chosen to establish its regional hub and first presence in the Middle East region in Abu Dhabi Global Market (ADGM), the international finance centre of Abu Dhabi, on Al Maryah Island. Aberdeen is also the first international asset manager registered with ADGM.
Ahmed Al Sayegh, chairman of Abu Dhabi Global Market, says: “We warmly welcome the world-renowned Aberdeen Asset Management to the ADGM family of financial institutions and businesses. Aberdeen’s presence is a strong vote of confidence for ADGM as well as highlighting the importance and growth of this region.”
Martin Gilbert (pictured), chief executive of Aberdeen, says: “The Middle East has been an important market for Aberdeen for many years and the establishment of a local office is the natural next step for us. We already enjoy a good relationship with a number of clients in the region and we believe the economic fundamentals of the region will create opportunities for asset managers over the coming years. We are strong believers in the value of having people on the ground in the markets in which our clients are based. Having Andrew and Lucy in Abu Dhabi will allow us to build on the good work we have already done.”
Richard Teng, CEO of the Financial Services Regulatory Authority of ADGM, says: “Our sincere congratulations to Aberdeen Asset Management on the successful opening of its new office at ADGM. We are pleased to support Aberdeen’s global aspiration with Abu Dhabi as its platform into the MENA region. We look forward to strong collaboration and partnership with Aberdeen.
“As an international financial centre and regulator, ADGM will continue to provide an efficient, transparent and well-regulated platform that enables businesses to be closer to and serve their customers’ needs. We look forward to Aberdeen adding to the offerings and vibrancy of our marketplace.”