Crown Agents Bank (CAB) today announced that its new Middle Eastern Subsidiary, CAB Global Markets, has received an In-Principal Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of ADGM for a Category 2 Financial Services Permission.
The company 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.
“Securing this IPA is a pivotal step in our global roadmap and a strong endorsement of our strategic focus on the region and the wider emerging markets which we are focused on delivering prosperity to.” said Neeraj Kapur, CEO of CAB. “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.”
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 USA in-line with its strategy to build more localised relationships around the world.
