Capital Group to open first Middle East office in Abu Dhabi
5 MAY, 2026
By Joanna Piwko from RankiaPro Europe
Capital Group, one of the world’s largest active investment managers, has announced plans to open its first Middle East office at the Abu Dhabi Global Market (ADGM) in the UAE. The launch is expected later this year, subject to regulatory approval.
The move is a key milestone in the firm’s global expansion strategy and reflects confidence in Abu Dhabi and the wider Middle East as a fast-growing financial hub, supported by the Abu Dhabi Investment Office (ADIO).
The new office will be Capital Group’s 35th worldwide, reinforcing its approach of combining local presence with a global investment platform and growing gradually in line with client needs and its long-term philosophy.
ADGM leadership highlighted Abu Dhabi’s strong regulatory framework and growing appeal to global financial institutions, while Capital Group CEO Mike Gitlin said the decision reflects strong conviction in the region and a desire to deepen client relationships and explore new investment opportunities.
Benno Klingenberg-Timm, currently Head of Institutional Business for Europe and Asia, will relocate to lead the office, underscoring the Middle East’s role as a bridge between Europe, Asia, and Africa.
The expansion aligns with ADIO’s efforts to develop an integrated financial ecosystem through its FIDA platform, further strengthening Abu Dhabi’s position as a global financial centre.
