Capital Group Obtains FSRA License in Abu Dhabi

Asset manager Capital Group has obtained a financial services license from the Financial Services Regulatory Authority (FSRA) in Abu Dhabi. The license allows the firm to offer its services from the Abu Dhabi Global Market (ADGM).

Capital Group, which manages $3.6 trillion in assets, is expanding its operations into the Middle Eastern markets with this regulatory approval. The company aims to provide investment solutions to institutional and private investors in the region.

The license, issued by FSRA, represents a significant step for the firm's global growth. Previously operating in the Middle East without a local regulatory standing, the new license enables more direct and broader market access.

Capital Group is recognized for its long history as an active investment manager. With the new license, the firm seeks to capitalize on the growing demand for investment services in the Middle East.