Swiss derivatives investment manager Adapt IM opens ADGM office

Swiss derivatives investment firm Adapt Investment Managers (IM) has opened an office in Abu Dhabi, joining a growing list of international asset managers in the emirate's financial hub. This move is part of Adapt IM's strategy to expand its team and global presence, aiming to serve clients through major financial centers worldwide. The company manages $2 billion in client assets and operates in Geneva, Zug, New York, and now Abu Dhabi.

Adapt IM's new office in Abu Dhabi, the fourth globally, will enhance the company's client coverage across key regions and time zones, bringing it closer to Middle Eastern institutional investors. Alexis Maubourguet, founder and chief investment officer at Adapt IM, expressed confidence in the UAE's long-term project. This decision follows another major player, Blue Owl, setting up a base in Abu Dhabi in June.

Multiple alternative investment managers have chosen the UAE as a base, highlighting its ongoing appeal to global asset managers and financial giants, despite regional uncertainties.

Daniel Mullarkey has been appointed as the general manager of Adapt IM's Abu Dhabi office, where he will focus on investment research and regional liaison to support the company's global investment platform. The firm is also investing in hiring and capability-building, having made 11 appointments since October last year to strengthen its global investment platform. These additions include senior portfolio management expertise in emerging markets, equities, and rates, aimed at bolstering research and risk capabilities.