ADFW recorded USD 635 billion in AUM, adding to a strong fourth quarter as trilliondollar institutions entered ADGM

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Rina7RS
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ADFW recorded USD 635 billion in AUM, adding to a strong fourth quarter as trilliondollar institutions entered ADGM

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ABU DHABI, UAE , Dec. 21, PRNewswire As Abu Dhabi's leading international financial centre and a worldrenowned asset and wealth management hub, ADGM announced 19 important news from global financial institutions during the third ADFW. These equate to nearly $635 billion in assets under management and are the latest developments following the announcements by the world’s largest asset managers, BlackRock, PGIM and Nuveen, of establishing presence in ADGM in the fourth quarter.

This significant increase from US$450 billion to US$635 billion in belgium phone number list one year further establishes the center as the fastest growing asset management location in the region and one of the most dynamic in the world. This growth has been further reinforced by the establishment of several family offices led by billionaires, including those of British businessman Asif Aziz, renowned philanthropist and financial strategist Wafic Said, and Singaporean entrepreneur and real estate tycoon Kishin RK, demonstrating the center’s growing importance as an international wealth management hub.
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