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Announcement
TCI Fund Management Establishes Strategic Presence in EMEA Region with Opening of Abu Dhabi Office
ADGM 23/11/2023TCI Fund Management Limited (“TCI”), a leading $60bn investment firm, today announced the opening of an Abu Dhabi office, establishing a strategic presence in the United Arab Emirates and EMEA. Bronwyn Owen, Global Head of Investor Relations and Director of TCI Fund Management (AD) Limited has relocated to Abu Dhabi from New York and will head up the new office.
The firm plans to leverage the Abu Dhabi office and in-person presence in building key regional relationships. A physical location in the region provides TCI access to valuable markets in terms of talent and capital as it continues to expand its capabilities and expertise. Further, the office provides TCI, a foothold in the region that can be leveraged to continue its efforts catalyzing climate action within the private finance sector.
“The Middle East is a vital market for the investment management industry, both from a talent and asset growth perspective, as well as a critical partner in global efforts to reduce carbon emissions and climate change,” said Sir Christopher Hohn, TCI Founder and Portfolio Manager. “We look forward to establishing our team there to reach a broader investor base and to expand my philanthropic activities. We are also excited to partner with the local community to help enhance opportunities for investment managers in the region and to further our ongoing efforts to reduce the impacts of the present climate crisis through pushing for climate action plans.”
H.E. Ahmed Jasim AL Zaabi, Chairman of ADGM said, "We are delighted to welcome TCI to ADGM. TCI’s new base underscores ADGM’s rise as an international financial hub and reinforces Abu Dhabi’s position as a prospering centre for the investment management industry and its leading role in the energy transition underpinned by the UAE’s strategic value to global finance and equally its unwavering commitment to climate action”.
In his personal capacity as Founder and Chair of the Children’s Investment Fund Foundation (CIFF), Sir Christopher also hopes that TCI’s presence in the region will enable him to raise the profile of the important work CIFF and other philanthropies are doing in the areas of climate action, health and nutrition, attracting much needed partnerships and co-funding from local organisations and individuals to tackle these global issues. CIFF is an independently endowed charity which is regulated under UK law and is wholly separate from TCI.
As part of TCI’s office opening, Sir Christopher Hohn will be speaking at the Abu Dhabi Finance Week leadership roundtable “Investing in the Transition Era” on November 27th, and at R.A.C.E. Sustainability Summit on the subject of growing Climate Finance on November 30th. Sir Christopher will headline the COP28 Business & Philanthropy Climate Forum on December 1st in a fireside chat on “Tackling Greenwashing and Greenhushing”.
TCI’s presence further solidifies the UAE’s growing importance in the investment management industry and aligns with recent trends as firms put boots on the ground in the Middle East.