Abu Dhabi Global Investors wins ADGM license

Pedro Gonçalves
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Pictured (left to right) Idrissa Boly, Co-CIO of ADGI, Faras Al Ramahi, CEO of Invest AD, David Rothon, CEO of ADGI, Ian Clarke, Co-CIO
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Pictured (left to right) Idrissa Boly, Co-CIO of ADGI, Faras Al Ramahi, CEO of Invest AD, David Rothon, CEO of ADGI, Ian Clarke, Co-CIO

AD Global Investors Limited (ADGI) has been granted a licence to manage funds and assets by the Financial Services Regulatory Authority of Abu Dhabi Global Market.

ADGI, a part of Invest AD, is a specialist active fixed income manager serving institutional investors. It offers separately managed accounts and funds for Emerging Market Debt Local Currency, Emerging Market Debt Hard Currency, MENA Fixed Income and Global Sukuk.

"We warmly welcome AD Global Investors Limited to the ADGM family and choosing our platform to expand their business and presence locally and internationally.  As a home-growth entity, ADGI has achieved significant milestones since their inception.

"We warmly welcome AD Global Investors Limited to the ADGM family and choosing our platform to expand their business and presence locally and internationally. As a home-growth entity, ADGI has achieved significant milestones since their inception."

"We are excited that they will be adding vibrancy to our asset management sector and capital market with more new and global products," said  Steve Barnett, Financial Centre Development Director, Financial Services Regulatory Authority of Abu Dhabi Global Market.

The robust financial regulatory framework and English common law governance of ADGM provides an attractive and strategic platform for ADGI to build a successful asset management business to satisfy the growing needs of the local and international investors, the company said in a statement.

ADGI is the first ADGM licensed manager to be authorized by the Central Bank of Ireland to manage Irish UCITS funds, and has launched four UCITS funds on 3rd January. The senior management team at ADGI is David Rothon (CEO), Ian Clarke (Co-CIO) and Idrissa Boly (Co-CIO). The team previously worked together for a number of years in the asset management department at First Abu Dhabi Bank.

David Rothon, CEO of ADGI, said "Ian and Idrissa are experienced fund managers with a proven track record of managing fixed income and currency portfolios with a consistent and disciplined long-term investment process.  ADGI's approach is to be 100% focused on fixed income and we have a natural competitive advantage by virtue of our size relative to the larger Emerging Market Debt managers. Taken together this should lead to greater value for our investors in the future".

Faras Al Ramahi, CEO of Invest AD added: "Building out the fixed income capability was a key strategic initiative at Invest AD. The strength and stability of ADGI's parent will provide additional comfort to investors and will allow ADGI to remain focused on delivering performance for its investors."