ADGM Academy Jurisdiction Al Reem Expansion Authorities Initiatives ADGM Academy Dispute Resolution
A platform that offers limitless opportunities and paves the way for a brighter future

Abu Dhabi boasts first-class infrastructure and unparalleled global connectivity, making it a premier international destination. Its exceptional qualities make it an ideal location to live, work, and conduct business.

Read about Abu Dhabi's life style
Latest Initiatives ADGM Announces Incentive Initiative for Existing Al Reem Island Businesses Transitioning to ADGM ADGM Marks Its Presence on Al Reem by Hosting its First Community Event on the Island
Overview Business Areas Setting up Operating in Public Registers Legal Framework
Providing an environment that empowers the future

A financial centre that provides transparency, efficiency, and integrity, through its progressive frameworks, future focused infrastructure, all within a familiar independent legal jurisdiction – ADGM is the perfect platform for success.

Find out how to set up in ADGM
Latest News ADQ Announced as the Headline Partner for Abu Dhabi Finance Week SIAC Signs Memorandum of Understanding with ADGM
Regulation Awareness Collaboration Ecosystem ADGM Sustainable
Preserve our economies and environment for future generations

ADGM, the centre for a transparent and thriving sustainable finance ecosystem.

More about our Sustainability vision
Highlights Abu Dhabi Sustainable Finance Forum’s COP28 Edition Deep-Dives into Nuances of “Building Green Financial Centres of the Future” ADGM, the Region's Leading Climate Finance Hub, Announces its Role as Principal Partner at COP28
Media News Events Spotlight Podcasts Publications
Stay up-to-date with our wide range of available resources

Our community of business professionals, entrepreneurs, and investors can depend on ADGM to provide timely news and reliable insights.

Read our latest news articles
Upcoming Events RESOLVE 2024
Support Make an enquiry Whistleblowing FAQs
We are here to help

At ADGM, we offer various support options, including contact details, FAQs, enquiry forms, and a whistleblowing form.

View available support options
Some of our FAQ topics
  • Getting started
  • Foundations regime
  • Resolution for incorporation
  • Existing auditors
  • New auditors
  • ACCESSADGM
  • Discover

    News

    Media Announcements Centricus receives in-Principle Approval to open an office in ADGM

    Centricus receives in-Principle Approval to open an office in the Abu Dhabi Global Market

    3rd Party: 22 November 2023

    Disclaimer This is an external communication and is not an official statement or announcement from ADGM

    Centricus, the London-based global investment and advisory firm overseeing over $40bn in assets, today announced that it received In-Principle Approval (IPA) on September 25, 2023, from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) of an application to conduct Regulated Activities under prudential Category 4. Pending final regulatory approval Centricus will open an office in the ADGM, the international financial centre of the United Arab Emirates’ (UAE) capital.

    Centricus has a successful history of close engagement with regional capital providers, seeking to leverage its broad network to introduce pipeline and investment opportunities to them. It is a core part of Centricus’s growth strategy to enhance this level of engagement, recognising the importance of Abu Dhabi as the Capital of Capital and a pivotal destination for global deal flow. Centricus believes that establishing a presence on the ground in ADGM will accelerate its aim to drive inbound investment into the region, providing access to the increasing set of international standard investment opportunities in the UAE.

    Drawing on local expertise and leveraging Abu Dhabi’s growing talent pool, Centricus is excited and pleased that Markus Thomas will join the firm and serve as Senior Executive Officer and oversee Centricus’s ADGM business and operations. Prior to this Markus helped build several key institutions in Abu Dhabi’s ecosystem, including the Abu Dhabi Investment Office and the Abu Dhabi IPO Fund. Prior to serving the Government of Abu Dhabi in various roles, Markus worked in investment banking in Abu Dhabi, London and Zurich, having started his career in Credit Suisse’s Investment Bank.

     

    “We feel it is imperative to be in the ADGM’s growing financial ecosystem and are delighted to have received In-Principle Approval from the FSRA, its well-regarded regulator. Abu Dhabi is the ‘Capital of Capital’ and we are very excited to add this strategic growth pillar to our global platform. We are confident that the licence, once granted, will strengthen our global presence, and we are excited to be able to contribute to ADGM’s position as a centre for international deal making and asset management.” said Garth Ritchie, Centricus Partner and Head of Capital Markets.

     

    Centricus Partner and CEO of Centricus Asset Management Josh Purvis said: “We are excited to be opening an office in the ADGM. This approval represents a significant milestone in our journey, and we look forward to leveraging the global opportunities presented by the UAE's respected and vibrant financial landscape and its strong regulatory framework.”

    Arvind Ramamurthy, Chief of Market Development at ADGM said, “We look forward to Centricus joining ADGM’s ecosystem. We are confident that ADGM’s dynamic ecosystem and progressive regulations will fortify Centricus’ vision, supporting them in adding value to the region’s private equity and asset management landscape, and contributing to the continuous development of Abu Dhabi's vibrant financial landscape and its strategic value to global finance. We look forward to witnessing the positive impact of Centricus’ expertise in contributing to the growth and development of the financial ecosystem in Abu Dhabi and beyond.”

    Related news

    View all FSRA Publishes a Consultation Paper on Proposed Enhancements to its Regulatory Framework for Continued Alignment with BCBS Principles ADGM issues alert concerning misleading claims made by For Life Pro ADGM issues alert concerning misleading claims made by New Financial Technology Ltd

    About

    Overview Jurisdiction Al Reem Expansion Authorities Initiatives ADGM Academy Dispute Resolution Careers

    Business

    Overview Business areas Setting up Operating in Public registers Legal framework

    Sustainable Finance

    Regulation Awareness Collaboration Ecosystem ADGM Sustainable

    Discover

    Media News Events Spotlight Podcasts Publications Documents

    Contact & Support

    Support Make an enquiry Whistleblowing

    Resources

    FAQs Document Repository
    © 2024 Abu Dhabi Global Market. All rights reserved. Sitemap Terms and conditions Privacy policy Cookies policy

    We use cookies and similar technologies that are necessary to operate the website. Additional cookies are used to perform analysis of website usage. By continuing to use our website, you consent to our use of cookies. For more information, please read our Cookies Policy.

    Reject cookies Accept cookies