GROW Investment Group Secures ipa from ADGM's FSRA, Marking a Key Milestone in Its Middle East Expansion

ABU DHABI, UAE, April 29, 2026 /PRNewswire/ -- GROW Investment Group (GIG), a leading Chinese global asset manager with approximately $1.5 billion in global assets under management, today announced it has received In-Principle Approval (IPA) from ADGM's Financial Services Regulatory Authority (FSRA). The firm expects formal approval in the coming weeks, a key milestone in its Middle East expansion and a clear signal of its strategic commitment to the region's capital markets. Its shareholders include U.S. top hedge fund Lighthouse and Switzerland's second-largest private bank, Bank Julius Baer.

GIG expansion reflects the region's competitiveness as a global financial hub, supported by three core pillars:

1. Unmatched Capital Depth & Sovereign Strength: The region's sovereign wealth funds hold over $3.5 trillion in combined assets, providing a stable and substantial pool of long-term institutional capital.
2. World-Class Regulatory & Business Infrastructure: Abu Dhabi features a robust regulatory framework based on direct application of English common law, tax-friendly environment and seamless capital mobility, making it an ideal location for global financial institutions.
3. Strategic Geopolitical & Economic Positioning: As a hub connecting Asia, Europe and Africa, the region benefits from growing trade and investment, particularly the deepening economic and financial integration between China and the Gulf Cooperation Council (GCC).

• Early Proactive Deployment: the firm launched its Middle East expansion. William Ma, Founder and Global CIO, made multiple on-site visits to conduct research, build partnerships and familiarize himself with the regional investment environment.
• Thought Leadership & Ecosystem Building: GIG serves as a bridge between the GCC and China. William Ma has participated in key events such as Abu Dhabi Financial Week, sharing insights on global asset allocation and Chinese investment opportunities.
• Client-Centric Initiatives: The firm has organized client visits to Abu Dhabi and Dubai, facilitating connections with local institutions like First Abu Dhabi Bank (FAB) to deepen cooperation.

Subject to the FSRA's approval of the FSP, GIG will establish an office in ADGM, providing customized onshore and offshore asset management, consulting services, as well as solutions for accessing Chinese capital markets and global multi-asset portfolios to Middle Eastern institutional investors, family offices and high-net-worth individuals.

William Ma stated: The IPA from ADGM's FSRA confirms GIGcompliance standards and long-term vision for the Middle East. We will act as a long-term partner, facilitating connections between the Middle East and global (especially Chinese) investment opportunities, and contributing to Abu Dhabi's continued growth as a leading global financial center."

Arvind Ramamurthy, Chief of Market Development at ADGM, said: "We congratulate GIG on receiving the (IPA). This milestone reflects the strength and efficiency of ADGM's regulatory framework and our continued ability to attract leading global financial institutions. As firms scale their operations from Abu Dhabi, ADGM remains focused on enabling long-term, sustainable growth through a dynamic ecosystem, deep pools of capital and strong cross-border connectivity. Abu Dhabi continues to stand out for its forward-looking approach, reinforcing its positioning as a premier international hub for finance and investment."