ABU DHABI, 26th June, 2023 (WAM) — Notable entities in Abu Dhabi, including the Abu Dhabi Department of Economic Development (ADDED), Abu Dhabi Investment Office (ADIO), Abu Dhabi IPO Fund (ADIPOF), Abu Dhabi Resident Office (ADRO) and Abu Dhabi Global Market (ADGM) are participating in the highly anticipated Impower Fund Forum, which will be held at the Grimaldi Forum in Monte Carlo, Monaco on 27-28 June 2023 held.
The prestigious event is widely regarded as Europe’s largest asset and wealth management conference, attracting more than 1,400 international participants from over 60 countries.
Attended by over 500 asset and wealth managers, 400 fund buyers and asset owners, the Impower Fund Forum provides the ultimate platform for industry leaders to connect, collaborate and explore new opportunities in the ever-evolving asset management space.
Abu Dhabi’s unwavering commitment to the asset management industry makes it a formidable player, capitalizing on the emirate’s strong GDP of around US$300 billion by 2022. Backed by institutional capital, Abu Dhabi’s sovereign funds, including ADIA, ADQ and Mubadala, are globally recognized as industry leaders. The region’s favorable business environment, advanced regulatory framework and access to diverse markets have contributed to its continued growth as a thriving asset management centre.
ADGM is at the forefront of this strategic evolution, playing a key role in fostering a vibrant ecosystem and fostering sustainable growth in the UAE and the wider region. Its advanced regulatory framework and commitment to collaboration and innovation have made ADGM a magnet for asset managers and professionals from around the globe seeking to capitalize on the region’s promising opportunities and capitalize on Abu Dhabi’s Opportunity for Bi to be increasingly recognized as a “capital capital”.
Arvind Ramamurthy, Head of Marketing for ADGM, will represent ADGM at the Impower Fund Forum and will be active in key panel sessions and presentations. ADGM’s presence at the event underscores its commitment to shaping the future of the industry by fostering collaboration, innovation and sustainable growth.
Ramamurthy commented: “We are delighted to be participating in the Impower Funds Forum, Europe’s premier asset and wealth management conference. ADGM’s strategic initiatives and progressive regulatory framework make it a sought-after destination for the industry. We look forward to showcasing our achievements, interact with industry peers, and explore new avenues of collaboration.”
“As the industry continues to evolve, ADGM remains committed to shaping the future of asset management in the UAE and the wider region. ADGM’s participation in this prestigious conference underscores our commitment to driving innovation, foster collaboration and foster sustainable growth,” he added.
The Impower Foundation Forum provides a key opportunity for Abu Dhabi and its entities to showcase their achievements, share insights and engage with international industry players.
Joining the delegation were representatives of the Abu Dhabi IPO Fund (ADIPOF), a $1.4 billion special purpose vehicle launched by the Abu Dhabi government to empower private companies and One of the active companies goes public to transition to public status. Financial markets, Abu Dhabi Securities Exchange (ADX).
ADIPOF is an important part of the country’s business and economic ecosystem, helping to diversify the investment landscape and potentially providing companies with access to growth capital, thereby creating liquidity for founders and sponsors. It is a unique vehicle that enables businesses to gain quick, easy and affordable access to public markets; and helps stimulate private sector-led growth in Abu Dhabi.
ADGM’s participation will focus on its recent legislative fund-related changes and provide valuable insight into the dynamic asset management landscape in the UAE. International Financial Center (IFC) figures for 2022 reflect a 56% rise in assets under management and a significant increase in asset managers turning to ADGM.
Companies such as Ray Dalio, Brevan Howard, Blackstone and OneIM have recently relocated to Abu Dhabi, where the International Finance Corporation (IFC) has established its headquarters. ADGM’s exponential success has made it one of the fastest growing IFCs in the region.