Hill House Investment opens a new office in Abu Dhabi International

ABU DHABI, 2nd April, 2017 (WAM) – Hill House Investment Company, one of the global companies in private alternative asset management, announced today the opening of its new office in Abu Dhabi Global “ADGM” and obtaining a Class “3C” license issued by the Financial Services Regulatory Authority in Abu Dhabi Global “ADGM”.

The opening of the office reflects Hill House’s long-term commitment and deep confidence in the advanced financial system in the region, and also embodies its dedication to supporting investment activities and consolidating partnerships with its clients in the UAE and the Arabian Gulf region.

Hill House has previously succeeded in establishing a strong and influential presence in the business sector within the UAE through several strategic investments, which included the companies Virtuzone and Clara through its Ascentium business services platform, in addition to its investments in the educational sector, which included Heartland International School and North London Collegiate School, through Rafa Partners, its arm for investing in real assets.

The company’s new office in Abu Dhabi enhances its ability to monitor promising opportunities, implement investments accurately, and build bridges of fruitful cooperation with relevant local authorities.

His Excellency Ahmed Jassim Al Zaabi, Chairman of the Board of Directors of Abu Dhabi Global Corporation (ADGM), said that the decision of one of the largest private alternative asset management companies in the world to establish a regional presence here reflects the prestigious position that Abu Dhabi enjoys as one of the most prominent global financial centers, and enhances its reputation as a stable and reliable destination for international companies, and we look forward to supporting Hill House’s continued growth journey and its contributions to developing the growing investment landscape in the region.

Abu Dhabi Global acts as a link connecting international investors with promising regional opportunities. Thanks to Abu Dhabi’s strong economic components, its strong regulatory frameworks, and its long-term strategic focus on economic diversification, Abu Dhabi has succeeded in consolidating its position and role as a vital bridge linking the East and the West, a role that is constantly growing in light of global capital’s search for flexible and growth-stimulating markets.

In recent years, Abu Dhabi Global has witnessed a rapid growth boom, becoming the fastest growing financial center in the Middle East, Africa and South Asia region, and the largest regional center in terms of the number of active licenses.

Adam Hornung, Co-Chief Operating Officer of Hill House Investments, said: “Over the years, Hill House has established strong partnerships with investors, companies and government agencies throughout the region, and our new office will contribute to strengthening those ties and commitments further. We are fully aware that Abu Dhabi represents one of the most important financial and investment centers in the world, and we are pleased to welcome new local colleagues and advisors who will join us to support the expansion of our platform regionally in the UAE and the GCC countries.”

• For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Related