Capital Group Obtains FSRA License in Abu Dhabi, Expanding Presence in the Middle East
Capital Group has obtained a Financial Services Permission from ADGM's Financial Services Regulatory Authority (FSRA), allowing it to operate as an investment manager in Abu Dhabi. This regulatory approval enables trading, investment management, and distribution activities within the international financial center of Abu Dhabi. The move follows Capital Group’s May 2026 announcement about establishing its first Middle East office there. The firm has already relocated professionals from North America, Europe, and Asia to support operations in the region with on-the-ground capabilities across investment, operational, and client-facing functions. Benno Klingenberg-Timm emphasized that this presence reflects Capital Group's long-term commitment to the Middle East’s growth potential, similar to its 1989 Singapore office opening. ADGM Chairman Ahmed Jasim Al Zaabi praised the decision as a testament to Abu Dhabi's financial ecosystem and growing global standing. CEO Mike Gitlin reiterated the strategic importance of the region for Capital Group and its clients.