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Man Group, the world’s largest listed hedge fund manager, has formally applied for a licence to operate within the Abu Dhabi Global Market (ADGM).
The Category 3A licence will enable Man Group to engage in regulated investment activities, including asset management and investment advisory services.
This move is part of the firm’s broader strategy to create a regional hub for distribution, investment, and trading, pending regulatory approval.
The planned presence is expected to be established in the coming period, further strengthening Man Group’s engagement with regional investors and its global operating footprint.
H.E. Ahmed Jasim Al Zaabi, chairman of ADGM, said Man Group’s decision to establish a presence in Abu Dhabi “reflects the strength of our capital markets and the depth of global investor confidence in the UAE’s capital.”
“Man Group has long recognised Abu Dhabi as one of the world’s most dynamic financial centres, and submitting our application for a Category 3A licence marks an important milestone in our commitment to the region,” added Robyn Grew, CEO of Man Group.
“Our relationship with Abu Dhabi runs deep, from our involvement in ADGM’s original expert advisory panel over 10 years ago, to the strong, decades-long partnerships we have built with sophisticated local allocators across investment, research and knowledge-sharing. We look forward to establishing a hub that, in time, we expect to span distribution, investment and trading.”
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