# Capital Group Announces Plans to Open First Office in the Middle East

- Link: https://www.thailand-business-news.com/pr-news/capital-group-announces-plans-to-open-first-office-in-the-middle-east
- Published: 2026-05-05T18:54:00+07:00
- Author: PR Newswire

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ABU DHABI, UAE, May 5, 2026 /PRNewswire/ — Capital Group, one of the world’s largest
and leading active investment managers, today announces plans to establish its first
office in the Middle East, in ADGM. The firm expects the Abu Dhabi office to formally
open later this year, subject to regulatory approvals.

This is a landmark step in Capital Group’s long-term strategy to accelerate growth
globally. It reflects the firm’s conviction in the Middle East Region, the UAE, 
and Abu Dhabi as a rapidly evolving and strong financial ecosystem, supported by
Abu Dhabi Investment Office (ADIO).

The planned Abu Dhabi location will be Capital Group’s 35th office worldwide, reflecting
the firm’s consistent approach to establishing local capabilities that are closely
connected to its global platform. As in other markets, the intent is to build steadily
over time, aligned with client needs and Capital Group’s long-term investment culture.

**H.E. Ahmed Jasim Al Zaabi, Chairman ADGM**, said, "We are pleased to welcome Capital
Group to ADGM as more leading global financial institutions choose Abu Dhabi as 
the base for their long-term regional expansion. Their decision underscores the 
value investors place on regulatory certainty, strong institutions, and a stable
environment for sustainable growth. With a robust legal framework and access to 
deep, long-term capital, ADGM is built 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 opportunity, and as a place where enduring partnerships
are formed with confidence."

**Mike Gitlin, President and CEO of Capital Group** said, "We take a long-term and
deliberate approach to building our global footprint, and we move only when we have
high conviction. This is one of those moments. Establishing a presence in Abu Dhabi
demonstrates our commitment to being closer to our business partners across the 
Middle East as well as our intent to explore further investments in this dynamic
region."

Capital Group is relocating **Benno Klingenberg-Timm, Head of Institutional for 
Europe and Asia**, to take on the additional responsibility of **head of its Abu
Dhabi office**. Klingenberg-Timm commented, "The UAE has established itself as a
leading global financial centre, 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 as a natural gateway connecting Europe, Asia and
Africa."

Capital Group’s expansion into Abu Dhabi reflects ADIO’s commitment to create a 
future-facing financial services ecosystem led by ADIO’s FinTech, Insurance, Digital
and Alternative Assets (FIDA) platform.

**Fatima Al Hamadi, Head of the FIDA Cluster, **said: "We are building a financial
ecosystem in Abu Dhabi that is designed to develop high-value, exportable financial
capabilities enabling the next generation of global capital flows. Welcoming Capital
Group reflects both the strength of our value proposition and our commitment to 
partnering with leading institutions to drive innovation, deepen market connectivity
and support sustainable growth across the region."

 

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