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Teneo, the global CEO advisory firm, today announced the further expansion of its Middle East and North Africa (MENA) business with the opening of a new office in Abu Dhabi, Abu Dhabi Global Market (ADGM), in Abu Dhabi, United Arab Emirates. Teneo currently has more than 40 offices worldwide, including four MENA regional offices, and a growing team of over 100 professionals in Riyadh, Dubai and Doha, and now Abu Dhabi .
Teneo has been operating in the MENA region for over 10 years, serving a wide range of regional and international clients. Teneo’s unique services include strategy and communications, financial consulting, management consulting, risk consulting and people consulting. This integrated offering pays special attention to our customers’ needs, leveraging our global expertise and impeccable breadth of services, with a focus on practice and implementation, to solve our customers’ most complex problems. Our team is supported by a global organization and an extensive global network of senior advisors.
Earlier this year, Teneo launched its MENA financial advisory business under the senior appointments of Matthew Wilde and Elie Fakhoury. Since then, Teneo has added more financial advisory professionals to this fast-growing team at multiple locations including Abu Dhabi, Dubai and Riyadh. Teneo has also hired Tim Peters to lead its regional management consulting practice. Tim has previously held various leadership positions with global management consulting firms including Arthur D. Little, Kearney and Oliver Wyman.
Commenting on the opening of Teneo’s office in Abu Dhabi, Teneo CEO Paul Keary, Said: “Over the past decade, Teneo has experienced extraordinary growth in both the UAE and the wider MENA region. Teams in Risk Advisory and People Advisory further support our clients’ continued investment in the region.”
Dhaher bin Dhaher Al Muhairi, Chief Executive Officer, ADGM Registration Authority, said: “We are delighted to welcome Teneo, the world’s leading consultancy firm, to ADGM’s fast-growing and thriving business ecosystem. As an international financial center, ADGM provides global entities with a strong access to emerging markets in the MENA region and beyond. and trusted platform. With its presence in ADGM jurisdictions, we firmly believe that Teneo will add significant value to the financial markets through its comprehensive offerings in financial advisory and restructuring, strategic communications, risk and management consulting, and is now expanding its In the region. As we anticipate the needs of the growing business community, it is critical to continue to provide them with a strong, progressive and business-friendly ecosystem for them to thrive.”
Nick McDonagh, Head of Teneo Middle East, Said: “During this period, we have experienced dynamic business growth and mutually beneficial and committed client relationships with many leading public, private and government-related organisations. The UAE provides Teneo with a unique gateway to the wider region, We now have large and growing teams in Riyadh and Doha, as well as our teams in Dubai and Abu Dhabi. Our expanded regional footprint and joint regional team of over 100 professionals will allow us to further accelerate our efforts to five Continued investment and growth in integrated service offerings.”
ADGM is Abu Dhabi’s leading international financial centre, empowering innovation by accelerating business opportunities and boosting economic growth in the UAE and beyond. A jurisdiction spanning the entire 114-hectare Al Maryah Island has become Abu Dhabi’s commercial hub. A vibrant business ecosystem is an international destination of choice and supports businesses with a progressive and robust framework based on English common law. ADGM is now home to many of the world’s leading companies and organizations that choose to do business here – including banks, asset managers, trading firms and professional services firms, as well as many leading industrial companies. Since opening in 2015, ADGM has rapidly gained global recognition for its strong, progressive and responsive business-friendly ecosystem and as a catalyst for economic growth and diversification in Abu Dhabi and the wider UAE.
touch:
Nicholas McDonagh, Teneo (Middle East), nicholas.mcdonagh@teneo.com
About Abu Dhabi Global Market (ADGM)
Abu Dhabi Global Market (ADGM), an International Financial Centre (IFC) located in the capital of the United Arab Emirates, opened on 21 October 2015. ADGM was established as a broad-based financial centre by UAE federal decree. Abu Dhabi’s status as a global trade and business centre is a strategic link between economic growth in the Middle East, Africa and South Asia and the rest of the world.
ADGM’s strategy is based on Abu Dhabi’s key strengths in private banking, wealth management, asset management, derivatives and commodities trading, financial innovation, sustainability and more. Comprising three separate bodies: the ADGM Court, the Financial Services Regulatory Authority and the Registrar, ADGM, as the IFC, manages the entire 114 hectares (1.14 km2) of Al Maryah Island, a designated financial free zone.
It enables registered financial and non-financial institutions, companies and entities to operate, innovate and succeed within an international regulatory framework based on common law. ADGM has been awarded the title of “Financial Centre of the Year (MENA)” for four consecutive years since its inception, in recognition of its initiatives and contributions to the region’s financial and capital markets industry*
For more details on ADGM, please visit www.adgm.com Or follow us on Twitter and Instagram: @adglobalmarket and LinkedIn: @Abu Dhabi Global Market (ADGM)
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