Global investor services group IQ-EQ, a portfolio company of Astorg, has established a new operation in Abu Dhabi, United Arab Emirates (UAE), including securing a licence to offer fund administration services in the emirate.
The opening of an Abu Dhabi office follows the Group’s launch in Dubai earlier this year, which gave IQ-EQ its first physical presence in the Middle East, building on its long-established support for clients in the region. The new office is centrally located in Abu Dhabi Global Market (ADGM), a leading international financial centre in the heart of the UAE’s capital.
In addition to expanding IQ-EQ’s UAE footprint geographically, the firm says the office enhances its local servicing capabilities. Following receipt of the relevant regulatory approvals, IQ-EQ is licensed to deliver fund administration services in the ADGM, adding to its existing service offering supporting UAE clients with their local and international structuring requirements.