The Abu Dhabi Investment Office (ADIO) has announced individual partnerships with financial services companies Florin Court Capital and Tribe Infrastructure Group as part of its $545 million Innovation Program.
The two partnerships will support the growth of the companies’ capabilities and international footprint from Abu Dhabi, as well as expanding the quantitative asset management, trading and advisory base of the emirate’s financial sector.
Florin Court and Tribe have received competitive financial incentives from ADIO and will continue to support the companies through its non-financial incentive scheme throughout the partnership. Abu Dhabi’s advanced financial services infrastructure, internationally competitive regulatory framework, access to capital and local expertise, and extensive research and development (R&D) would further benefit the companies.
Florin Court, a UK-based diversified systematic asset manager will open a new trading, research, and operations facility in the Abu Dhabi Global Market (ADGM), which is the emirate’s international financial center (IFC).
“The emirate has emerged as a global financial hub, a position that is set to strengthen with the introduction of Florin Court and Tribe’s global expansion. ADIO’s partnerships with the two sector leaders will propel their growth from Abu Dhabi, as they capitalize on the emirate’s enabling business environment to pursue new strategies and expansion.”
Tribe, an independent infrastructure financial advisor and project developer headquartered in ADGM is targeting a greater global expansion. The partnerships will boost Abu Dhabi’s reputation as a financial hub, which already contains three of the world’s largest sovereign wealth funds, a thriving stock exchange and an award-winning IFC.
Additional to the financial services sector, ADIO’s $545 million Innovation Program focuses on technology-driven startups in sectors as information and communications technology, health services and biopharma, AgTech, tourism, and more.