Maples and Calder advises Abu Dhabi investment manager on landmark Irish authorisation
Maples and Calder’s investment management group has successfully obtained authorisation for an Abu Dhabi-based investment manager to act for Irish-authorised Collective Investment Schemes for the first time.
AD Global Investors Limited (AGDI) are the first Abu Dhabi-based investment manager, with Abu Dhabi Global Market (ADGM) authorisation, to obtain clearance from the Central Bank of Ireland to act for Irish-authorised funds.
In addition, ADGI has been appointed as the investment manager to the Invest AD UCITS ICAV platform and its four initial sub-funds.
Peter Stapleton, head of investment management at Maples and Calder’s Dublin office, said: “We are delighted to have collaborated with ADGI on this notable milestone in becoming the first Abu Dhabi-domiciled and ADGM-regulated investment manager to obtain approval to manage Irish authorised Collective Investment Schemes and we look forward to working together during this exciting phase in their development.”
ADGI is a specialist active fixed income manager serving institutional investors. It offers separately managed accounts and funds for Emerging Market Debt Local Currency, Emerging Market Debt Hard Currency, MENA Fixed Income and Global Sukuk.
David Rothon, CEO at AD Global Investors, said: “Being a new investment firm it was important for us to have the right partners supporting us early on, Maples and Calder did not disappoint and provided excellent advice throughout the launch of the ICAV, the funds and our Central Bank of Ireland authorisation. We look forward to their continued support in the coming years as our business develops.”