Latest news with #StanMoss
Al Etihad
24-03-2025
- Business
- Al Etihad
Seviora Group to open office at ADGM
25 Mar 2025 02:26 KHALED AL KHAWALDEH (ABU DHABI) Seviora Group, a leading Asia-based asset management company headquartered in Singapore, has announced the establishment of its Middle East office in the Abu Dhabi Global Market (ADGM). With over $54 billion in assets under management (AUM), Seviora's expansion into the region underscores the growing appeal of ADGM as a hub for global financial institutions. "The opening of our new office in Abu Dhabi marks a major step in our international expansion and highlights the strategic importance of the Middle East in our growth plans," Jimmy Phoon, CEO of Seviora Group said. Seviora's entry into ADGM follows a broader trend of major asset managers establishing a presence in Abu Dhabi's financial centre. By the end of 2024, ADGM was home to 34 asset and fund managers overseeing 166 funds. These included some of the finance world's most recognisable names as well as more boutique firms and offices. Polen Capital, a US-based investment management firm with approximately $63 billion in assets under management (AUM), received its licence in February to commence operations at ADGM. CEO Stan Moss praised the efficiency of the approval process and highlighted Abu Dhabi as a key market for the firm. Omar Sultani, appointed as Polen's Managing Director for the Middle East and Central Asia, emphasised that the firm's expansion reflects the city's growing appeal to global financial institutions."Abu Dhabi has become a key global financial centre, offering an ideal environment for asset managers to expand and innovate," Sultani said. Meanwhile, Investindustrial - a European investment group with over €15 billion in raised fund capital - opened its new office early this year, stating it will serve as the Middle East and Asia hub for its are just the latest in a slew of major financiers to establish a presence on Maryah Island. Marshall Wace, a London-based hedge fund, which manages over $69 billion in assets globally, opened an office in late 2024. During Abu Dhabi Finance Week, an annual event, several major firms announced plans to establish offices in the region. Among them were Investindustrial and Polen Capital, along with General Atlantic, which oversees $100 billion in assets under management (AUM), and Lone Star Funds, managing $95 billion. Golub Capital, a prominent private credit firm with $70 billion in AUM, Eldridge, an insurance-focused investment firm with $74 billion in AUM, and Carta, a global leader in equity management with $150 billion in assets under administration (AUA), also revealed their expansion intentions."Abu Dhabi has really positioned itself to become a leader over the next 20 years. Its psychology was different, and now it's blossoming into this magnet of opportunity," Larry Fink, Chairman and CEO of Blackrock said during a phone-in at the event late last year. Arvind Ramamurthy, Chief Market Development Officer at ADGM, said the latest addition to ADGM was indicative of the successful outreach programmes that the centre had undergone in recent years. "We are delighted to welcome Seviora Group to ADGM, further cementing Abu Dhabi's reputation as a trusted global financial centre. Seviora's establishment of its regional headquarters in ADGM reflects our growing international appeal and the continued expansion of our global network," he said.
Zawya
20-02-2025
- Business
- Zawya
Polen Capital secures ADGM license, appoints regional head as it expands Middle East presence
Abu Dhabi, UAE – Polen Capital, a global investment management firm specializing in growth equity and credit, is excited to announce it has received its Financial Services Permission (FSP) to operate in ADGM and has opened an office in Abu Dhabi, solidifying its commitment to the Middle East region as a key pillar of its global growth strategy. This move underscores Polen Capital's focus on credit, a rapidly growing area of its business, as it responds to increasing interest from Middle Eastern investors in its credit strategies. Establishing a foothold in one of the world's most dynamic financial hubs strengthens Polen's ability to serve the region's sophisticated investor base, tap into its deep pools of capital, and meet the growing demand for active, high-conviction investment strategies. Abu Dhabi's increasingly prominent role in global finance, backed by a bold long-term vision and a regulatory environment that fosters innovation, aligns seamlessly with Polen's ambitions for growth and expansion. Stan Moss, CEO of Polen Capital, commented: 'Polen Capital has grown from a single investment vehicle managing $3 billion in assets to a multi-strategy firm overseeing $60 billion today. The Middle East, and Abu Dhabi in particular, represents a tremendous opportunity for us. We were especially pleased with how seamless the ADGM process was, and with our new presence there, we're committed to expanding our footprint and accelerating our next phase of growth while continuing to serve regional investors with outstanding service and deep expertise.' In line with this expansion, Polen Capital had appointed Omar Sultani as Managing Director, Head of Middle East and Central Asia. Sultani will spearhead the firm's regional strategy, strengthening partnerships and driving growth across the region. 'Abu Dhabi has become a key global financial center, offering an ideal environment for asset managers to expand and innovate," said Omar Sultani. "Polen Capital's track record of disciplined, high-conviction investing resonates strongly with investors in this region, and I'm excited to build on that foundation.' Commenting on the development, Arvind Ramamurthy, Chief Market Development Officer at ADGM, said: 'We are pleased to welcome Polen Capital to ADGM as they continue their global expansion. Abu Dhabi has become a key destination for leading asset managers, offering a dynamic investment environment and a regulatory framework designed for growth. Polen's presence here reinforces the strength of our ecosystem, and we look forward to seeing them thrive as they bring their expertise to the region.' About Polen Capital: Offering equity and credit investment solutions, Polen Capital is a global investment firm managing approximately $60 billion in assets (as of December 31, 2024) for institutions, financial advisors, and individuals seeking high-quality, active, concentrated strategies built for the long term. Polen has four autonomous investment teams, Large Company Growth, Small Company Growth, Emerging Markets Growth, and Credit, with offices in Boca Raton, Fla., Boston, London, Abu Dhabi and Hong Kong. Since 1989, Polen has built a distinctive culture and is committed to being a firm of opportunity, attracting and developing exceptional professionals aligned with its mission of preserving and growing clients' assets to protect their present and enable their future. The firm has been recognized by Pensions & Investments as one of the industry's 'Best Places to Work' for each of the past nine consecutive years.
