Australian investment bank Barrenjoey has begun offering fixed income sales and trading services in Abu Dhabi as it continues its expansion with its first overseas office.
Barrenjoey said on Monday that it had begun to offer these services in the Abu Dhabi Global Markets, or ADGM, an economic free zone on an island within the capital of the United Arab Emirates.
“The regulatory environment is comparable to Australia, which has enabled us to establish operations in a relatively short timeframe,” said Jacqui Byrnes, fixed income chief operating officer in Sydney.
This will allow the Sydney-based firm to provide extended coverage during European and US trading hours, it said in a statement. It currently has about 10 people in Abu Dhabi.
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Barrenjoey officially launched in 2020 with capital and funding support from foundation investors, Magellan and Barclays. It now has a staff of more than 350 across offices including Sydney, Melbourne and Perth.
