Primrose Capital Management has received Financial Services Permission from the Financial Services Regulatory Authority of Abu Dhabi Global Market, allowing the firm to operate under full regulatory authorisation in the UAE.
The approval follows the in-principle clearance granted earlier in 2025 and supports Primrose’s long-term plan to strengthen its presence in the Middle East. The licence also enables the firm to grow its role as a conduit for capital and investment expertise between Singapore and Abu Dhabi.
The authorisation reflects Abu Dhabi Global Market’s position as a centre for both digital and traditional financial activity. It also confirms Primrose’s focus on governance, investor protection, and institutional risk controls. Since securing its in-principle approval, the firm has expanded its Abu Dhabi operations, adding portfolio managers, risk specialists, and client coverage staff, while building a local research function to support regional trading conditions.
Investor demand across the Gulf continues to increase, particularly from sovereign institutions, pension funds, and family offices. Many of these investors are seeking systematic and transparent investment approaches across futures, options, and digital-asset markets. Family offices in the GCC now oversee more than US$500 billion in assets, creating a strong market for structured, multi-asset strategies.
Linus Ong, Chief Investment Officer at Primrose Capital Management, said: “Securing the FSP is an important endorsement of our model, our governance framework, and our commitment to the region. ADGM has built one of the world’s most forward-thinking regulatory environments for digital and traditional markets alike. This licence allows us to partner even more deeply with the Middle East’s institutional ecosystem at a time of accelerating structural demand. Our goal is to provide Gulf allocators with transparent investment strategies that deliver consistent risk-adjusted returns across cycles. With the regulatory foundation now complete, we are positioned to scale meaningfully in 2026 and beyond.”
With the licence in place, Primrose will move ahead with MENA-based feeder funds that give regional investors access to its Global Multi-Strategy and Digital Options programmes. These funds are designed to link Asian liquidity with growing Gulf capital, supporting long-term cooperation between Singapore and Abu Dhabi in areas such as fintech, market systems, and digital assets.
Primrose enters 2026 with a clear goal to:
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Deepen local market research and engineering capabilities to reflect MENA-specific flows and volatility regimes.
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Expand family office and sovereign partnerships, delivering bespoke model-driven overlays and derivatives-based yield solutions aligned with institutional governance standards.
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Strengthen digital-asset infrastructure connectivity, ensuring robust, regulated access to the firm’s high-convexity derivative strategies.
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Advance regional hiring, contributing to ADGM’s innovation cluster and supporting the UAE’s broader goals for high-skilled financial sector employment.
With the FSRA licence now in place, Primrose is firmly anchored within one of the world’s most dynamic financial centres. The firm remains committed to building long-term, trusted partnerships, combining rigorous quantitative research with a human-centred client experience. These values align closely with its ethos of integrity, excellence and client care.
