Abu Dhabi, UAEApril 30, 2026 /PRNewswire/ — GROW Investment Group (GIG), a leading global asset management company in China, today announced that it has received an In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of ADGM. The company expects to obtain formal approval in the coming weeks, marking a significant milestone in its Middle East expansion and a clear signal of its strategic commitment to the region’s capital markets. Its shareholders include top U.S. hedge fund Lighthouse and Bank Julius Baer, Switzerland’s second-largest private bank.
GIG’s expansion reflects the region’s competitiveness as a global financial center, supported by three core pillars:
- Unmatched capital depth and sovereign strength: The region’s sovereign wealth funds manage total assets exceeding $3.5 trillion, with stable and substantial long-term institutional capital.
- World-class regulatory and business infrastructure: Abu Dhabi boasts a robust regulatory framework based on the direct application of English common law, a favorable tax environment, and seamless capital flows, making it an ideal location for global financial institutions.
- Strategic geopolitical and economic positioning: As a hub connecting Asia, Europe, and Africa, the region benefits from growing trade and investment, particularly the deepening economic and financial integration between China and the Gulf Cooperation Council (GCC).
- Early proactive deployment: The company has launched its Middle East expansion plan. Founder and Global Chief Investment Officer William Ma conducted multiple on-site visits for research, building partnerships, and familiarizing himself with the regional investment environment.
- Thought leadership and ecosystem building: GIG serves as a bridge between the GCC and China. William Ma participated in key events such as Abu Dhabi Finance Week, sharing insights on global asset allocation and Chinese investment opportunities.
- Client-centric initiatives: The company has organized client visits to Abu Dhabi and Dubai, facilitating connections with local institutions such as First Abu Dhabi Bank (FAB) to deepen collaboration.
Subject to FSRA approval of the Financial Services Permission (FSP), GIG will establish an office in ADGM to provide customized onshore and offshore asset management, advisory services, and solutions for access to China’s capital markets and global multi-asset portfolios for Middle Eastern institutional investors, family offices, and high-net-worth individuals.
William Ma stated: “The IPA from ADGM FSRA confirms GIG’s compliance standards and long-term vision for the Middle East region. We will be a long-term partner, fostering connections between the Middle East and global investment opportunities, especially in China, and contributing to Abu Dhabi’s continued growth as a leading global financial center.”
Arvind Ramamurthy, Head of Market Development at ADGM, said: “We congratulate GIG on obtaining the (IPA). This milestone reflects the strength and efficiency of ADGM’s regulatory framework and our continued ability to attract leading global financial institutions. As the company expands its operations from Abu Dhabi, ADGM remains focused on achieving long-term, sustainable growth through a vibrant ecosystem, deep capital pools, and strong cross-border connectivity. Abu Dhabi continues to stand out with its forward-looking approach, solidifying its position as a premier international financial and investment hub.”