Capital Group is preparing to launch its first office in the Middle East, selecting Abu Dhabi as the base for its regional expansion strategy. The global investment management firm plans to establish the new operation within Abu Dhabi Global Market later this year, pending regulatory approvals. The office will support a range of functions including investments, operations, and client relations, becoming the company’s 35th location worldwide.
The move reflects the growing importance of the Middle East within the global financial sector, as international firms continue increasing their presence across the region. Capital Group’s expansion signals confidence in Abu Dhabi’s evolving financial ecosystem and its ability to attract long-term institutional investment and international partnerships.
Leadership of the new office will be overseen by Benno Klingenberg-Timm, currently Head of Institutional for Europe and Asia, who will also manage responsibilities connected to the Middle East operation. His appointment highlights the company’s broader strategy of integrating regional growth into its international network.
The announcement also aligns with Abu Dhabi’s wider efforts to position itself as a global destination for finance, innovation, and digital investment. Through initiatives led by the Abu Dhabi Investment Office and programs such as FIDA, the emirate has continued attracting global institutions operating across fintech, insurance, and alternative asset sectors.
As Abu Dhabi strengthens its role as a gateway between regional and international markets, Capital Group’s arrival adds further momentum to the city’s rapidly expanding financial landscape.