Polen Capital Receives License Approval from ADGM

ABU DHABI (Reuters) – U.S. investment management firm Polen Capital announced on Monday that it has received preliminary approval for a license to operate from the Abu Dhabi Global Market (ADGM), as it seeks to capitalize on growth opportunities in the region.

The rising number of company registrations, the allure of sovereign wealth funds, and the relative ease of licensing compared to other financial centers have increased ADGM's appeal for global firms.

With approximately $63 billion in assets under management as of September 30, Polen Capital will join other international asset managers and hedge funds establishing operations in the ADGM. This strategic move is aimed at enhancing ties with the UAE's largest sovereign wealth funds and regional family offices.

CEO Stan Moss remarked, "Opening an office in Abu Dhabi would mark a significant milestone for Polen, as we begin to build a greater presence in the Middle East market." He expressed eagerness to receive the Financial Services Permit from the Financial Services Regulatory Authority (FSRA) and reaffirmed the company’s commitment to delivering exceptional service in the region.

No further details on the company's assets under management or its investments in the Middle East were disclosed in the statement.