Abu Dhabi: Capital Group, one of the world’s leading active investment managers, today announced plans to open its first office in the Middle East, specifically in Abu Dhabi Global Market ( ADGM ). The Abu Dhabi office is expected to officially open later this year, subject to the completion of necessary regulatory approvals .

This move marks a significant strategic milestone in Capital Group's long-term strategy to accelerate its global growth, and it was supported by the Abu Dhabi Investment Office as part of its ongoing efforts to attract global financial institutions and strengthen Abu Dhabi's position as a global financial center. It also reflects the company's firm confidence in the promising potential of the Middle East region, the UAE, and Abu Dhabi as a rapidly evolving and integrated financial ecosystem.

The upcoming Abu Dhabi office will be Capital Group’s 35th global office, reflecting the company’s consistent approach of establishing a strong local presence closely linked to its global platform. As in other markets, the company intends to expand gradually over time, in line with client needs and based on its long-term investment approach .

His Excellency Ahmed Jassim Al Zaabi, Chairman of Abu Dhabi Global Market ( ADGM ), said: “We are delighted to welcome Capital Group to Abu Dhabi Global Market ( ADGM ) at a time when leading global financial institutions are increasingly choosing Abu Dhabi as a hub for their long-term regional expansion. This decision underscores the importance investors place on regulatory certainty, strong institutions, and a stable environment that supports sustainable growth. With a robust legal framework and access to substantial, long-term institutional capital, ADGM provides a solid platform to support large-scale global companies. Capital Group’s presence further enhances Abu Dhabi’s position as a link between global capital and regional opportunities, and as a destination where sustainable partnerships are confidently built.”

Mike Gitlin, President and CEO of Capital Group, said: “We take a deliberate and long-term approach to expanding our global presence, and we only take steps when we are firmly convinced. This step represents one of those pivotal milestones, as establishing a presence in Abu Dhabi reflects our commitment to getting closer to our business partners across the Middle East and confirms our determination to explore further investment opportunities in this vital region.”

Capital Group plans to transfer Beno Klingenberg-Tym, Head of Institutional Clients for Europe and Asia, to lead its Abu Dhabi office in addition to his current responsibilities. Klingenberg-Tym said: “The UAE has established itself as a leading global financial center, reflecting the strong growth dynamics in the GCC and the wider region. The Middle East is gaining increasing importance, both as a market in its own right and as a strategic gateway connecting Europe, Asia, and Africa.”

Capital Group’s expansion in Abu Dhabi reflects the Abu Dhabi Investment Office’s commitment to developing an advanced and future-proof financial services ecosystem through its Financial Technologies, Insurance, Digital and Alternative Assets (FIDA ) cluster.

Fatima Al Hammadi, Head of the Fintech, Insurance, Digital and Alternative Assets (FIDA ) cluster, said: “At the Abu Dhabi Investment Office, through the Fintech, Insurance, Digital and Alternative Assets ( FIDA ) cluster, we aim to build an integrated financial ecosystem that combines innovative solutions, digital technologies and advanced regulatory frameworks, thereby consolidating Abu Dhabi’s position as a leading global financial center. Capital Group’s decision to expand in Abu Dhabi reflects the efficiency of this ecosystem and its attractiveness to global institutions that adopt long-term visions. It also confirms our commitment to supporting quality capital flows and enhancing integration between global markets, which contributes to supporting sustainable growth and the economy of the future . ”

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About Capital Group

As Capital Group approaches its centennial in 2031, its long-term strategy remains firmly rooted in its mission to improve lives through successful investing. The firm employs more than 9,000 people and operates from 34 offices worldwide, managing $3.3 trillion in assets for millions of individual and institutional clients globally.¹

¹ Data as of December 31, 2025. Source: Capital Group .

All trademarks mentioned for "Capital Group" are owned by "The Capital Group Companies, Inc." or one of its affiliates or related funds. All other company and product names mentioned are the property of their respective owners .

Statements attributed to any individual reflect their personal opinion as of the date of publication and do not necessarily represent the views of Capital Group or its affiliates. This information is intended to highlight certain issues and should not be considered advice, endorsement, or a recommendation .

This content was prepared by Capital Group, the sponsor of American Funds, and should not be used as the primary basis for investment decisions, nor is it intended to be neutral or fiduciary investment advice .

Capital Client Group, Inc.

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