TCI Fund Management Limited (TCI), a UK-based leading investment firm, has opened its new Abu Dhabi office, establishing a strategic presence in the United Arab Emirates and EMEA.
The company noted that it plans to leverage the Abu Dhabi office and in-person presence in building key regional relationships. A physical location in the region provides TCI access to valuable markets in terms of talent and capital as it continues to expand its capabilities and expertise.
Further, the office provides TCI, a foothold in the region that can be leveraged to continue its efforts catalyzing climate action within the private finance sector.
HE Ahmed Jasim AL Zaabi, Chairman of ADGM, stated that, “We are delighted to welcome TCI to ADGM. TCI’s new base underscores ADGM’s rise as an international financial hub and reinforces Abu Dhabi’s position as a prospering center for the investment management industry and its leading role in the energy transition underpinned by the UAE’s strategic value to global finance and equally its unwavering commitment to climate action.”
Sir Christopher Hohn, TCI Founder, and Portfolio Manager, said that, “The Middle East is a vital market for the investment management industry, both from a talent and asset growth perspective, as well as a critical partner in global efforts to reduce carbon emissions and climate change. We look forward to establishing our team there to reach a broader investor base and to expand my philanthropic activities.”
According to the statement, TCI’s presence further solidifies the UAE’s growing importance in the investment management industry and aligns with recent trends as firms put boots on the ground in the Middle East.
