Deutsche Bank has received regulatory approval to operate within the Abu Dhabi Global Market (ADGM), the capital’s international financial center and a hub for several sovereign wealth funds.
In a statement, the bank announced the appointment of Jean-Pierre Habis as the senior manager for its newly established ADGM branch.
The new license enables Deutsche Bank to arrange and advise on investment and credit transactions within the financial free zone.
Jamal Al Kishi, CEO for the Middle East and Africa (MEA), commented: “Securing this license marks a significant milestone in our strategy to better serve the evolving needs of our clients in the UAE and across the region.”
In recent years, Abu Dhabi has emerged as a key global financial hub—often referred to as “the capital of capital”—attracting a wave of banks, hedge funds, private equity firms, and asset managers. High-profile firms including BlackRock, Polen Capital, PGIM, Nuveen, General Atlantic, Lone Star Funds, Investindustrial, Marshall Wace, AXA IM, Eiffel Investment ME, GQG Partners, SS\&C Financial Services, and Morgan Stanley all established a presence in the city last year.
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