ABU DHABI, 5th August / WAM/ The Abu Dhabi Investment Office (ADIO) announced today two new partnerships with Florin Court Capital (Florin Court) and Tribe Group for Infrastructure Services and Consulting (Tribe), the two financial services companies, as part of the office’s AED 2 billion innovation programme. $545 million/.
These partnerships will provide support for the development and development of the two companies’ capabilities and enhance their presence at the international level from the Emirate of Abu Dhabi, as well as strengthening the efforts of quantitative asset management and the base of commercial and advisory services for the financial sector in the emirate.
As part of the office’s innovation support program, Florin Court and Tribe will receive financial and non-financial support packages to enable it to expand and develop its operations in the Emirate of Abu Dhabi.
The two companies will also benefit from the advanced financial infrastructure in the Emirate of Abu Dhabi, and its advanced regulatory framework that raises the highest levels of global competitiveness, in addition to the ability to access capital and local talent, and an extensive support network for research and development, taking advantage of this time zone that overlaps positively with markets. major global.
His Excellency Dr. Tariq Bin Hindi, Director General of the Abu Dhabi Investment Office, said: “The rapid development of the financial services sector in the Emirate of Abu Dhabi is contributing to the creation of great investment and commercial opportunities and possibilities for existing and new companies in the market. The international business of “Florine Court” and “Tribe” in strengthening this prestigious position.
He pointed out that the support provided by the Abu Dhabi Investment Office will also contribute to enabling and developing the business of the two companies and benefiting from the supportive and stimulating business environment to achieve new strategies for growth and expansion from the Emirate of Abu Dhabi.
Florin Court will establish its own platform for trading, research and commercial operations in the Abu Dhabi Global Market, the international financial center in the Emirate of Abu Dhabi, while Tribe is looking to expand its business globally from its headquarters in the Abu Dhabi Global Market.
These partnerships will enhance the position of the Emirate of Abu Dhabi as a strong financial center that currently includes three of the largest sovereign wealth funds in the world, an advanced financial market, in addition to a reputable international financial center.
For his part, Juma Al Hamli, Head of Strategy and Business Development at ADGM, said: “The new partnerships established by the Abu Dhabi Investment Office with Florin Court and Tribe are only a reflection of the integrated business environment provided by the market, which allows companies to cooperate and work together”.
He added, “At the Abu Dhabi Global Market, we are proud of enhancing the investment capabilities of the Emirate of Abu Dhabi, through the developed regulatory framework and the integrated licensing system, and we look forward to seeing the successes that will result from these new partnerships, while we continue to enable companies and entrepreneurs to achieve their aspirations.” .
Partnerships with Florin Court and Tribe.
Florin Court, a hedge fund and asset manager specializing in quantitative trading in alternative markets, was founded in London as part of Brammer & Partners, and since its inception in 2017, the company’s program has generated significant returns for institutional investors of 44% using advanced trading systems in 350 markets. as diverse as electricity and emissions, interest rates in emerging markets, Chinese commodities, emerging markets and cryptocurrencies.
Under the partnership with the Abu Dhabi Investment Office, Florin Capital will establish its own platform for trading, research and commercial operations in the Abu Dhabi Global Market, the international financial center in the Emirate of Abu Dhabi, through which it will also establish a global program for training and academic participation in the fields of mathematics, statistics, machine learning, and finance.
Dr. Douglas Greene, CEO and Co-Founder of Foreign Court, said: “At Florin, we strive to adopt a culture of innovation as a permanent approach to our business, and to adopt the best technologies from data science and alternative markets to give our investors the best returns and achieve the highest levels of control over risk management. The Emirate of Abu Dhabi is our first choice for establishing our new center for technology, research and commercial trading, as it is the ideal place for growth and innovation, and we look forward to being part of the success story that Abu Dhabi is witnessing as an international financial center.”
He expressed his thanks to the Abu Dhabi Investment Office for this important support, which will enable us to move on to the next stages of the process of developing our business in this vibrant and distinguished international city.”
For its part, “Tribe” is one of the specialized financial advisory companies that was established in the United Arab Emirates in 2011, and has been operating at its headquarters in the Abu Dhabi Global Market since 2016.
Tribe’s partnership with the Abu Dhabi Investment Office builds on its longstanding commitment to the Emirate of Abu Dhabi as a vital financial and business hub, through which it is linked to its main markets in the Middle East, Europe, Asia and Australia.
Through this partnership with the Abu Dhabi Investment Office, Tribe will be able to expand the existing team that specializes in providing financial advice, and help in launching the fund management services that the company has recently launched.
The company will also contribute to developing the capabilities of local talent in the Emirate of Abu Dhabi by organizing courses and external secondment programs, as well as educating investors globally about the progress of infrastructure projects and public-private partnerships in the emirate.
Peter McCrinor, CEO of Tribe Infrastructure Services Group, said: “Our goal since our establishment has been to provide the best services and consulting solutions that we have specifically developed to enhance the critical infrastructure needs of the government and private sectors in our target markets. Abu Dhabi, is developing sustainable solutions for infrastructure and energy security, and we continue to provide support to accelerate the energy transition in the UAE and beyond through our partnership with the Abu Dhabi Investment Office We see strong potential for long-term growth in these markets, and believe that our solutions and partnerships will contribute to driving growth in UAE and abroad.
In addition to the financial services sector, the Abu Dhabi Investment Office’s AED 2 billion innovation program aims to support innovative companies operating in a number of key sectors such as the information and communication technology sector, health services, biopharmaceuticals, agricultural technologies, tourism, and others.
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