The expansion grants the group a license to provide fund administration services, marking a significant step in its regional growth strategy. The new office positions the firm to tap into a market that recorded a 56 percent increase in assets under management throughout the previous year.
IQ-EQ Expands Footprint Into Abu Dhabi Financial Hub
With over $1.5 trillion in institutional capital managed by local sovereign wealth funds, Abu Dhabi has become the latest strategic target for investor services group IQ-EQ. Following its initial Dubai launch earlier this year, the firm is now establishing a physical presence within the Abu Dhabi Global Market.
Mark Pesco, group chief executive, noted that the move responds to a consistent stream of enquiries from clients seeking services within the ADGM jurisdiction. Tariq Nakhooda, who leads IQ-EQ UAE, emphasized that the emirate's ability to attract global investment banks and private equity firms makes it an essential hub for the group's ongoing Middle Eastern operations.
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