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Abu Dhabi-based investment platform ACM has received a license extension from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM).
The high net worth (HNW) service provider is already providing financial advice on investments and credit, and arranging custody and trading of investments and credit, as well as managing assets and collective investment funds.
The licensing extension will now allow ACM to offer brokerage services on behalf of its clients, including the purchase, sale and subscription of financial instruments.
Maxim Kuzyakin, Senior Executive and Licensed Director of ACM, said: “We are committed to achieving the financial goals of our existing and potential clients by applying our philosophy to provide robust and secure solutions for holding, managing and expanding their investments .Provide the industry’s best experience and risk resilience for investment solutions that stand the test of time.
“We believe that with the expanded financial services license, we can offer our clients a wider range of investment solutions and more asset allocation opportunities to secure investments in the global financial sector.”
Dimitrios Kanias, ACM Licensed Director and Senior Compliance Officer, added: “Our license extension is in line with our vision for ACM to expand and strengthen its footprint in the MENA region, developing into a credible and forward-looking investment platform.
“By gaining an extension to our regulated activities, we are able to offer our clients and partners a range of investment services and opportunities globally from ADGM.”
Arvind Ramamurthy, Head of Markets, ADGM, said: “We welcome the news that ACM has secured the FSP extension and scales up its finance business, which will support its current and potential investor base in achieving its financial goals in the UAE and beyond.
“As an international financial centre, ADGM is committed to fostering the development of its business community and encouraging its sustainable growth by fostering a trusted and well-governed business environment, while contributing to Abu Dhabi’s economic diversification .
“Working under the regulatory umbrella of ADGM and FSRA is something we are proud of and we look forward to seeing Abu Dhabi continue to grow and prosper as a leading financial industry player.”
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