Deutsche Bank grows in UAE via ADGM Licence
Deutsche Bank has taken a significant step in expanding its footprint in the United Arab Emirates by securing a financial services licence from the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM). This authorisation allows the bank to conduct several regulated activities, including arranging deals in investments, arranging credit, and advising on investments or credit.
This move enhances the bank’s ability to operate within ADGM, a growing international financial centre. It also supports Deutsche Bank’s global Hausbank strategy, which focuses on building long-term relationships by providing clients with tailored, integrated financial solutions. By aligning itself closely with evolving client needs, the bank aims to maintain a strong presence across markets and geographies.
Additionally, Deutsche Bank’s expanded role in ADGM fits within broader national frameworks such as “We the UAE 2031” and the “Abu Dhabi Economic Vision 2030,” both of which seek to position the UAE as a competitive global financial hub.
Leadership and Long-Term Commitment
To drive its strategic goals in the region, the bank has appointed Jean-Pierre Habis as Senior Manager for the ADGM branch. His role will involve overseeing regulated activities and ensuring that client offerings remain customised and responsive. This leadership move underscores the bank’s intent to not only expand geographically but also to deliver locally relevant solutions.
Deutsche Bank has operated in the UAE for over 25 years. It began with a representative office in Abu Dhabi in 1999 and has grown its presence to include four legal entities across the country. The addition of the ADGM entity marks a new chapter, reinforcing the bank’s regional commitment.
Deepening Client Engagement in the Region
Today, the bank offers a broad spectrum of services, spanning investment banking, corporate banking, and wealth management. By combining global expertise with local insights, Deutsche Bank aims to serve clients more effectively.
According to Jamal Al Kishi, Chief Executive Officer for the Middle East and Africa, the ADGM licence is a vital part of the bank’s mission to better address regional client needs. Similarly, Esra Turk, Head of CEEMEA Institutional Client Group, noted that ADGM is emerging as a key financial hub. She emphasized that Deutsche Bank’s enhanced presence in Abu Dhabi will improve client access to expertise and strengthen overall service delivery.
Through this expansion, Deutsche Bank continues to link global capital with regional opportunities, aiming to contribute to the UAE’s economic transformation and sustained growth.
