Post by : Badri Ariffin

Abu Dhabi Global Market (ADGM) has confirmed that Rokos Capital Management (RCM) has opened a new branch in Abu Dhabi after obtaining its Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA).

Situated in Sky Tower, the newly established office is a pivotal part of RCM's global growth strategy, complementing its existing locations in London, New York, and Singapore.

Chris Irish, the Head of Middle East and Finance at Rokos Capital Management, remarked that receiving the full regulatory license in ADGM is a significant achievement for the firm's expansion in the region. He highlighted plans to grow the team and foster stronger ties with local stakeholders and investors.

Since its inception in 2015, ADGM has rapidly evolved into one of the premier financial hubs in the region, offering a robust legal and regulatory framework that meets international standards, allowing global firms to operate securely.

ADGM continues to draw international financial organizations due to Abu Dhabi's stable economy, favorable business environment, and ambitious long-term economic diversification strategies. The financial hub is recognized as a gateway for businesses aiming to access regional and global markets.

Arvind Ramamurthy, Chief Market Development Officer at ADGM, expressed enthusiasm for Rokos Capital Management’s entry into the market, stating that the firm's presence further enriches ADGM’s diverse ecosystem of international financial entities and demonstrates the growing trend of firms selecting Abu Dhabi as a prime investment locale.

#world news #Global News #Business News #Business & economy