Aberdeen unveils details of Abu Dhabi office

DubaiAberdeen Asset Management has revealed details of its first Middle Eastern office, established in the Abu Dhabi Global Market (ADGM).

Andrew Paul, senior executive officer, and Lucy Draper, senior business development manager, are running the office in the recently established ADGM premises on Al Maryah Island. They report to Nigel Norman, head of Middle East and Africa at Aberdeen, who is based in London.

“We are strong believers in the value of having people on the ground in the markets in which our clients are based,” said Martin Gilbert, chief executive.

Aberdeen Asset Management says it is the first international asset manager to set up an office in ADGM, joining local asset managers such as Eshara Capital, Afkar Capital and Equitativa Asset Management.

ADGM is a financial free zone established on similar lines to the Dubai International Financial Centre (DIFC). It allows companies to be wholly foreign-owned and is governed by its own set of English-language regulations.

“Our strategic location, world-class business infrastructure, air and telecommunication connectivity have anchored Abu Dhabi as an attractive trading and financial hub,” said Ahmed Al Sayegh, chairman of ADGM.

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