[ad_1]
The Abu Dhabi Investment Office (ADIO) announced on Thursday the establishment of personal partnerships with financial services companies Florin Court Capital (Florin Court) and Tribe Infrastructure Group (Tribe) as part of its AED2 billion (US$545 million) innovation plan Part. An ADIO press release stated that these two partnerships support the growth of Abu Dhabi’s corporate capabilities and international footprint, while expanding the emirate’s financial sector’s quantitative asset management, trading and consulting base.
ADIO has awarded Florin Court and Tribe competitive financial rewards and will provide support to these companies through its non-financial rewards throughout the partnership. The two companies will also benefit from Abu Dhabi’s advanced financial services infrastructure, an internationally competitive regulatory framework, access to capital and local talent, extensive research and development (R&D) support networks, and time zones that favorably overlap with major global markets.
ADIO Director-General Tariq Bin Hendi said: “The rapid development of Abu Dhabi’s booming financial services industry has brought new opportunities and created opportunities for existing and new players in the market. The emirate has become a global financial center. This position will be strengthened with the launch of Florin Court and the global expansion of Tribe. ADIO’s partnership with these two industry leaders will drive their growth in Abu Dhabi as they take advantage of the emirate’s favorable business Environment to pursue new strategies and expansion.”
Florin Court will establish its new trading, research and operations center in the Abu Dhabi Global Market (ADGM) in the UAE’s International Finance Center (IFC). Tribe is seeking wider global expansion from its headquarters in ADGM. These partnerships have strengthened the UAE’s capital as a financial center, which is already home to the world’s three largest sovereign wealth funds, a thriving stock exchange, and the award-winning International Finance Corporation.
ADGM Chief Strategy and Business Development Officer Juma Al Hameli said: “ADIO’s collaboration with Florin Court and Tribe is a testament to the strength of ADGM’s overall business ecosystem, which enables companies to thrive through collaboration. With our progressive regulatory and licensing system, We are proud to make a tangible contribution to the realization of Abu Dhabi’s huge investment potential. We look forward to seeing new partnerships flourish and will continue to develop ways for companies and entrepreneurs to realize their ambitions.”
As part of Brummer & Partners, a partnership with Florin Court and Tribe Florin Court was established in London, a leading hedge fund manager focusing on quantitative trading in alternative markets. Since its establishment in 2017, the award-winning Florin Court Capital Program has provided institutional investors with 44% returns through the use of sophisticated mathematical trading systems in 350 markets, including electricity and emissions, and emerging market interest rates , Chinese goods and emerging markets and digital markets. currency. According to the partnership, Florin Court will set up its trading, research and operations center in ADGM, where it will establish a global internship program and an academic participation program in the fields of mathematics, statistics, machine learning and finance.
Dr. Douglas Greenig, CEO and co-founder of Florin Court, said: “At Florin Court, we strive to innovate-apply the best technology in data science to alternative markets, and provide our investors with better returns and superior risks. Control. Abu Dhabi is our first choice for new technology, research and trade centers. It is an excellent place for innovation and growth. This is a mobile city. We want to be part of Abu Dhabi’s success story as a global financial center. We thank ADIO for its strong support and look forward to our next step in the development of one of the most dynamic cities in the world.”
Tribe is an active financial advisor and developer established in the UAE in 2011 and has been headquartered in ADGM since 2016. It improves the sustainability of communities by providing infrastructure project financing solutions for the government and the private sector. Tribe’s collaboration with ADIO is based on its long-term commitment to Abu Dhabi as a business center that connects its major markets in the Middle East, Europe, Asia and Australia. The partnership will enable Tribe to expand its existing financial advisory team and assist in the launch of its recently established fund management product. In addition, it will engage with local talents in Abu Dhabi through training courses and overseas secondments, and educate global investors on the progress of infrastructure and public-private partnership (PPP) projects in the emirate.
Peter McCreanor, CEO of Tribe Infrastructure Group, said: “Since our establishment, our goal has been to provide customized consulting and development solutions to drive the government and private sector’s demand for critical infrastructure in our target markets. Since we were in Abu Since the launch of the Emirate of Dhabi, starting from our base in ADGM, we have been committed to developing sustainable infrastructure and energy security solutions. Through cooperation with ADIO, we will continue to support the acceleration of the energy transition in the UAE and abroad. We see These markets have strong long-term growth potential, and we believe that our customized solutions and partnerships will drive growth in the UAE and other regions.”
According to the press release, in addition to the financial services sector, ADIO’s 2 billion dirham innovation plan also targets innovative companies focusing on information and communication technology, health services and biopharmaceuticals, agricultural technology, tourism and other fields.
[ad_2]
Source link