A London-listed asset management company is establishing a presence in Abu Dhabi's financial centre.

Aberdeen Asset Management has confirmed it will open an office in the Abu Dhabi Global Market towards the end of the year.

The news comes less than a week after the ADGM entered into an agreement on bilateral co-operation with Luxembourg for Finance. In February, the ADGM's Financial Services Regulatory Authority signed a similar agreement with the Jersey Financial Services Commission.

Earlier this year, Aberdeen reported net outflows of £9.1 billion ($13 billion) for the final quarter of 2015, alongside a 2 per cent rise in assets under management to £290.6 billion.