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Zurich-headquartered external asset manager Marcuard Heritage has opened its new office in Abu Dhabi, having chalked up regulatory approval last week. 

This new site is licensed under Abu Dhabi Global Markets, the jurisdiction’s regulator. The firm has been granted an ADGM 3C asset manager licence.

“Establishing our Abu Dhabi office is a testament to our commitment to the Middle East as a central hub for future growth and development and part of our diversification strategy,” the firm said.

Besides its Swiss HQ and new office, the firm also operates in Singapore, and Limassol, Cyprus. In August 2020 it went through a rebranding exercise.