Key Takeaways
- • Adapt IM, a Swiss derivatives investment manager with approximately $2 billion in assets under management, is establishing its fourth global office in Abu Dhabi Global Market (ADGM).
- • Daniel Mullarkey will lead the new Abu Dhabi office, expanding the firm's geographic footprint beyond its existing locations in Geneva, Zug, and New York.
- • The expansion represents Adapt IM's strategic push to grow its global operations and extend its presence into the Middle East financial hub.
Summary
Adapt IM, a Swiss-based derivatives investment manager, is opening an office in Abu Dhabi Global Market as part of a broader expansion of its global operations. The firm, which manages approximately $2 billion in assets, will establish its fourth international office through this move, complementing its existing operations in Geneva, Zug, and New York.
Daniel Mullarkey has been appointed to lead the new Abu Dhabi office, positioning him as the key executive responsible for establishing and managing the firm's Middle East operations. The appointment signals Adapt IM's commitment to building a substantive regional presence rather than maintaining a representative office.
The expansion into Abu Dhabi reflects the firm's strategy to strengthen its global footprint and tap into the growing institutional investment market in the Gulf region. Abu Dhabi Global Market, established as a financial free zone, has emerged as a preferred jurisdiction for asset managers seeking to serve regional and international clients with regulatory flexibility and competitive operational frameworks. This move aligns with broader industry trends of hedge funds and alternative investment managers establishing regional hubs to better serve institutional clients and capture growth opportunities in Middle Eastern capital markets.
Daniel Mullarkey has been appointed to lead the new Abu Dhabi office, positioning him as the key executive responsible for establishing and managing the firm's Middle East operations. The appointment signals Adapt IM's commitment to building a substantive regional presence rather than maintaining a representative office.
The expansion into Abu Dhabi reflects the firm's strategy to strengthen its global footprint and tap into the growing institutional investment market in the Gulf region. Abu Dhabi Global Market, established as a financial free zone, has emerged as a preferred jurisdiction for asset managers seeking to serve regional and international clients with regulatory flexibility and competitive operational frameworks. This move aligns with broader industry trends of hedge funds and alternative investment managers establishing regional hubs to better serve institutional clients and capture growth opportunities in Middle Eastern capital markets.
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