London hedge fund manager, Florin Court Capital, is expanding into the UAE by partnering with the Abu Dhabi Investment Office (ADIO) under its USD545 million Innovation Programme.
As part of the deal, Florin Court will establish its new trading, research and operations hub in the Abu Dhabi Global Market (ADGM), the Emirate’s international financial centre and expand their international footprint from Abu Dhabi. This follows the UK’s post-Brexit investment partnership deal with the UAE, announced earlier this year and demonstrates a further strengthening of ties between the UK’s leading asset managers and the Gulf state.
ADIO is looking to emerge as a global financial hub by assisting in Florin Court’s global expansion. Already home to three of the largest sovereign wealth funds in the world and with two thirds of the world’s population within a four hour flight, Abu Dhabi sees itself as as being uniquely positioned to assist UK companies looking further afield in a post-Brexit landscape.
Juma Al Hameli, Chief Strategy & Business Development Officer at ADGM says: “ADIO’s partnerships with Florin Court is testament to the strength of ADGM’s holistic business ecosystem which enables business to thrive through a collaborative approach. With our progressive regulatory and licensing regime, we are proud to make tangible contributions to the realisation of Abu Dhabi’s great investment potential. We look forward to seeing the new partnerships flourish and will continue to develop pathways for companies and entrepreneurs to achieve their aspirations.
Dr Douglas Greenig, CEO and Co-founder of Florin Court, says: “At Florin Court, we strive to innovate – applying the best techniques from data science to alternative markets that are off the beaten path to give our investors better returns and superior risk control. Abu Dhabi was the first choice for our new technology, research and trading centre. It is an outstanding place for innovation and growth. It is a city on the move. We want to be part of Abu Dhabi’s success story as a global financial hub. We are grateful for the strong support of ADIO and look forward to taking the next steps in our growth in one of the world’s most dynamic cities.”