With more than $9 trillion in assets under management, ADGM, the international financial hub of Abu Dhabi, has announced the arrival of 11 additional significant international financial institutions, giving it a stronger start to its second decade.
This impressive growth, from $635 billion last year to $450 billion in 2023, represents one of the biggest expansions by any international financial center worldwide this year and solidifies the ADGM’s standing as the fastest-growing asset management jurisdiction in the region and among the most dynamic in the world.
The center is solidifying its status as the fastest-growing international financial center in the region and among the most dynamic worldwide, as evidenced by the strong increase in the total assets under management represented at ADGM. The momentum points to a shift in Abu Dhabi’s place in the international financial system rather than gradual expansion.
Leading international financial firms, such as Cantor Fitzgerald, BBVA, Arab Bank Switzerland Gulf Ltd., Plenary ME Infrastructure Partners Ltd., Eurasian Development Bank, ERM, and DLA Piper, announced plans to establish a presence in ADGM throughout the week. These plans covered asset management, banking, infrastructure investment, sustainability advisory, and international legal services.
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