The new partnerships mark an ongoing effort to cement the Emirate’s status as a financial hub.
As part of its $545 million Innovation Programme, the Abu Dhabi Investment Office (ADIO) has established new partnerships with two financial services companies, London-based hedge fund Florin Court Capital and UAE-based Tribe Infrastructure Group, a financial advisor which also has offices in Australia and the Philippines.
The new partnerships aim to both support the companies’ growth within Abu Dhabi while simultaneously seeking to cement the Emirate’s position as a financial hub for quantitative assets management and trading.
Tariq Bin Hendi, Director General of ADIO, said that "ADIO’s partnerships with the two sector leaders will propel their growth from Abu Dhabi, as they capitalise on the emirate’s enabling business environment to pursue new strategies and expansion.”
Florin Court, which specialises in quantitative trading of alternative markets, will establish its new trading, research, and operations hub in the Abu Dhabi Global Market (ADGM), the UAE capital’s international financial centre (IFC). Meanwhile, Tribe is eyeing wider global expansion from its headquarters in ADGM.
Beyond financial services, ADIO’s Innovation Programme is also targeting innovation-led companies working within the sectors of information and communications technology (ICT), health services and Biopharma, agricultural technology, tourism, and other sectors.
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