Macquarie Capital Middle East receives ‘in principle approval’ from ADGM | The National

Macquarie Capital Middle East receives ‘in principle approval’ from ADGM | The National:

"Macquarie Capital Middle East has confirmed it has received “in principle approval" to become one of the first major financial institutions to establish a presence in Abu Dhabi Global Market (ADGM).

The Australian investment bank, known for its infrastructure finance practice, said yesterday that it had received approval from ADGM’s Financial Services Regulatory Authority to operate within the new free zone.

“We are delighted to be one of the first global financial institutions to apply for an ADGM FSRA licence, testament of our confidence in the ability of Abu Dhabi to become another major global financial centre based out of the GCC," said Macquarie’s executive chairman Wissam Moukahal."



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