Abu Dhabi Global Market (ADGM), the city’s international financial centre, embarked on a trade mission to the US last week, in response to “unprecedented demand” from major US-based global asset managers in the hedge fund, private equity and venture capital space.
ADGM’s delegation, which included Emmanuel Givanakis, CEO of its Financial Services Regulatory Authority, Arvind Ramamurthy, Chief Market Development Officer, and other senior ADGM executives, visited Miami at the iConnections Global Alts 2024, which describes itself as the largest cap intro event in the world.
Arvind Ramamurthy, Chief Market Development Officer at ADGM, said: “ADGM has been experiencing a significant influx of global asset managers establishing their operations in the IFC of Abu Dhabi. Notable among them are Brevan Howard, Apollo, NinetyOne, Rothschild & Co, GQG Partners, and TCI.
“This remarkable development has attracted the interest of major global funds in the US, leading to ADGM being invited to share insights on the unique opportunities and advancements occurring within financial sector in Abu Dhabi. In response to this unprecedented demand of the interest of international firms in setting up in ADGM, we engaged in more than 40 bilateral discussions with hedge funds, private equity funds, and venture capital firms.”
