ADGM records 245% growth in Assets Under Management
The Abu Dhabi Global Market (ADGM) recorded significant growth in 2024, with a 245 percent increase in Assets Under Management (AUM).
The number of operational entities within ADGM rose by 32 percent, reaching 2,381 by the end of 2024. The asset management sector also saw significant expansion, with 134 fund managers overseeing 166 funds. ADGM's financial community grew with 79 new institutions joining the market, bringing the total to 275.
ADGM's workforce also saw a 39 percent increase, reflecting the growing demand for talent in its expanding financial ecosystem.
ADGM's Financial Services Regulatory Authority (FSRA) introduced new frameworks in 2024, including regulations for stablecoins and updates on ESG compliance. The FSRA also launched a Whistleblower Reporting Portal to enhance transparency.
In sustainable finance, ADGM issued a Green Fund Designation to Vortex Energy IV, a USD 1.8 billion fund focused on energy transition.
ADGM continued to attract high-net-worth individuals and global family offices, with Leon Black of Apollo Global Management and more establishing a presence at the financial hub.
ADGM boosted its global outreach through roadshows in key international markets, while its academy, ADGM Academy (ADGMA), expanded its offerings and trained over 2,000 UAE Nationals for roles in finance and fintech.
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