Compliance
Compliance Corner: European Investment House Secures Abu Dhabi Licence
The latest compliance news: regulatory developments, punishments, guidance, permissions and new product and service offerings.
PATRIZIA
PATRIZIA, a German
investment firm focused on property and infrastructure, has
obtained a licence in Abu Dhabi to arrange and advise on
investments.
The firm has secured a Financial Services Permission from the Financial Services Regulatory Authority of Abu Dhabi Global Market. The business has also formed an office in Abu Dhabi.
JC Klein, PATRIZIA’s head of global client solutions for Middle East, Africa, Australia and New Zealand, has moved to Abu Dhabi to lead the regional office.
“Establishing a presence in the Middle East allows us to deepen relationships and deliver tailored investment strategies that fully align with the priorities of our local clients,” Klein said.
The new office is PATRIZIA’s 26th global location. It has about €56 billion ($58.7 billion) in assets under management.
