Abu Dhabi (Argentem Creek), in partnership with the Abu Dhabi Investment Office (ADIO), will establish a new regional hub in the Abu Dhabi Global Market (ADGM).
The partnership is part of ADIO’s Dhs2bn ($545 million) innovation program which supports innovative companies in high-growth areas, including financial services. The new Argentem Creek hub aims to increase access to investment opportunities in the Middle East and North Africa (MENA) and Asia.
The US-based company is an emerging markets credit firm investing in special situations, private credit, high yield and trade finance. As part of the agreement, ADIO will provide financial and non-financial incentives to support the establishment of the Argentem Creek regional hub in Abu Dhabi.
A productive alliance
Engineer Abdulla Abdul Aziz AlShamsi, ADIO’s Acting Managing Director, said: “Abu Dhabi’s banking, insurance and asset management sectors are driving the tremendous growth of the region. ADIO’s partnership with Argentem Creek will benefit a range of sectors in the region, including manufacturing, logistics, trade finance and food security, by providing access to emerging markets and the credit expertise of ADIO. company to support existing and future opportunities.
“The partnership will also help develop local talent and support the continued growth of Abu Dhabi’s financial services infrastructure with emerging market knowledge and deal flow. The partnership through ADIO’s innovation program exemplifies our continued commitment to accelerating innovation in high-growth areas that will create impactful progress in the UAE and the wider region.
Argentem Creek aims to cultivate local and regional partnerships to broaden the region’s access to investment opportunities across all industry sectors by leveraging its expertise in emerging markets, restructuring and governance best practices. In addition to its flagship Emerging Markets Special Situations strategy, the office focuses specifically on Asia-focused assets, energy transition materials trade finance and the firm’s other strategies in the MENA region.
Daniel Chapman, CEO and CIO of Argentem Creek, said, “Our regional office in Abu Dhabi marks an important milestone in the company’s strategic expansion to support the Middle East, Asia and Africa with greater proximity to customers, deal flow and investors in existing and future opportunities. . Strong government support has made Abu Dhabi an inclusive and growing financial center that fosters innovation.
Argentem Creek will benefit from Abu Dhabi’s access to global markets and talent, as well as a favorable time zone that straddles major international markets.