Capital Group Plans First Middle East Office in Abu Dhabi

Capital Group, one of the world’s largest active investment management firms, is planning to establish its first Middle East office in Abu Dhabi. The office is expected to open later this year at Abu Dhabi Global Market, subject to regulatory approvals. It will include investment, operational, and client-facing functions, forming part of the company’s broader international network as its 35th global office.

The move forms part of a long-term expansion strategy aimed at strengthening relationships with regional partners and exploring investment opportunities across the Middle East. The firm said the decision reflects its focus on building presence in markets where it sees sustained growth potential.

The Abu Dhabi operation will be led by Benno Klingenberg-Timm, currently Head of Institutional for Europe and Asia, who will take on additional responsibilities for the new office.

The expansion aligns with initiatives led by the Abu Dhabi Investment Office, particularly through its FIDA platform, which focuses on fintech, insurance, digital, and alternative asset sectors. These efforts aim to build an integrated financial ecosystem supported by regulatory frameworks and access to capital.