IQ-EQ launches its operations in Abu Dhabi 02 November 2023 UAE Reporter: Klea Neza
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IQ-EQ has announced the establishment of its operations in Abu Dhabi, United Arab Emirates (UAE), following the Group’s launch in Dubai earlier this year.
The new office is centrally located in Abu Dhabi Global Market (ADGM).
Following receipt of the relevant regulatory approvals, IQ-EQ will be licensed to deliver fund administration services in the ADGM, adding to its existing service. The offering will support UAE clients with their local and international structuring requirements.
Mark Pesco, group CEO of IQ-EQ, says: “We’ve been receiving numerous enquiries for ADGM services across our various offices, so establishing a comprehensive offering in this important hub presents a significant commercial opportunity for IQ-EQ, allowing us to meet our clients’ needs and provide a complete global solution with full connectivity across the world’s key regions.
Salem Mohammed Al Darei, CEO of ADGM Authority comments: “[The] addition to the ADGM community underscores Abu Dhabi's role as a leading financial centre for innovation, attracting a diverse range of financial institutions, investors and professional service providers. Their presence will also contribute to the growth of Abu Dhabi's asset management and investment community, serving as a valuable addition to our dynamic ecosystem.”
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