CAB Global Markets Secure IPA from ADGM

Crown Agents Bank (CAB), a transactional banking service provider regulated in the UK with operations globally, said that its new Middle Eastern Subsidiary, CAB Global Markets, has received an In Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) for a Category 2 Financial Services Permission.

This marks a significant milestone in CAB’s strategy to deliver prosperity to the emerging markets it serves around the world. The licence will accelerate access to government, central banking and other important stakeholders, opening doors and creating unique opportunities and relationships across CAB’s global network, CAB said.

CAB’s growth into Abu Dhabi reflects the business’s recognition of the UAE’s rapidly growing status as a global financial centre, underpinned by bold economic vision, forward-looking regulation, and strong institutional frameworks. Abu Dhabi’s strategic location and economic vision make it a natural hub for CAB’s mission of driving financial inclusion and prosperity across emerging markets.

The IPA from the FSRA of ADGM adds to CAB’s global regulated footprint alongside the UK, Netherlands and the US in-line with its strategy to build more localised relationships around the world.

It may be recalled that ADGM has reinforced its position as the largest and fastest-growing financial hub in the Middle East and North Africa (MENA) region during the first half of 2025, with more than 11,000 active licenses and a 42% jump in assets under management.

During the period, ADGM also emerged as the region’s largest IFC by the market capitalisation of its registered entities listed on a stock exchange, underscoring the centre’s efforts to reinforce the financial sector’s contribution to Abu Dhabi’s non-oil economy, which grew to 9.1% in Q1 2025.

Pivotal Step

CAB CEO Neeraj Kapur said that securing IPA is a pivotal step in their global roadmap and a strong endorsement of CAB’s strategic focus on the region and the wider emerging markets which they are focused on delivering prosperity to.

“We are committed to scaling our offering in Abu Dhabi and contributing to the UAE’s vision of becoming a leading international financial centre. Our aim is to bring sophisticated, institutional grade, transactional solutions to the region, which unlock opportunities for long-term growth for clients operating in the world’s most vibrant and dynamic markets,” Kapur added.

The company has also announced that Arif Khan has been appointed as Senior Executive Officer to lead CAB Global Markets. Arif will be spearheading the organisation’s growth and expansion in the region.

Arif brings a deep understanding of cross-border transactions, financial markets, credit and risk having worked closely with sovereigns, multinational corporates, and development finance institutions in the region. His career spans both developed and emerging markets, where he has advised corporates and institutions on complex financing structures, capital raising, and strategic investments.