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Abu Dhabi, UAEMay 7, 2026 /PRNewswire/ — Capital Group, one of the world’s largest and leading active investment management firms, today announced plans to establish its first office in the Middle East in ADGM. The company expects the Abu Dhabi office to officially open later this year, pending regulatory approval.
This marks a milestone step in Capital Group’s long-term strategy to accelerate global growth. The move reflects the company’s confidence in the Middle East, the UAE, and Abu Dhabi—which, with the support of the Abu Dhabi Investment Office (ADIO), is evolving into a rapidly growing and robust financial ecosystem.
The proposed Abu Dhabi office will be Capital Group’s 35th global office, embodying the company’s consistent approach of building local capabilities closely connected to its global platform. As in other markets, the intention is to steadily build over time, aligning with client needs and Capital Group’s long-term investment culture.
His Excellency Ahmed Jasim Al Zaabi, Chairman of ADGM, stated: “We warmly welcome Capital Group to ADGM, as a growing number of leading global financial institutions choose Abu Dhabi as a base for their long-term regional expansion. Their decision underscores investors’ confidence in regulatory certainty, strong institutions, and a stable environment for sustainable growth. With a robust legal framework and deep pools of long-term capital, ADGM aims to support global enterprises in scaling their operations. Capital Group’s presence further strengthens Abu Dhabi’s role as a bridge between international capital and regional opportunities, cementing its position as a place where lasting partnerships are built with confidence.”
Mike Gitlin, President and CEO of Capital Group, said: “We build our global footprint with a long-term, deliberate strategy, acting only when we have high conviction. This is one of those moments. Establishing a presence in Abu Dhabi reflects our commitment to being closer to business partners across the Middle East and our intent to explore increased investment in this dynamic region.”
Capital Group will appoint Benno Klingenberg-Timm, Head of European and Asian Institutional Business, to also serve as Head of the Abu Dhabi Office. Klingenberg-Timm commented: “The UAE has established itself as a leading global financial center, reflecting the strong growth momentum in the GCC and the broader region. The Middle East is significant as a market in its own right and also serves as a natural gateway connecting Europe, Asia, and Africa.”
Capital Group’s expansion into Abu Dhabi reflects ADIO’s commitment to creating 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: “We are building a financial ecosystem in Abu Dhabi designed to develop high-value, exportable financial capabilities that empower the next generation of global capital flows. Capital Group’s presence reflects both the strength of our value proposition and our commitment to collaborating with leading institutions to drive innovation, deepen market connections, and support sustainable growth across the region.”