May 27, 2024

Tsangs Group And Peregrine Ltd Forges Partnership In Abu Dhabi

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Tsangs Group and Peregrine Ltd signed a strategic partnership agreement for a For a global investor marketplace in Abu Dhabi
Abu Dhabi Global Market (ADGM). Image Courtesy: Medium

Tsangs Group, an innovation-focused family office that bridges East and West, signed a strategic partnership agreement (“the agreement”) with Peregrine Ltd (“Peregrine”), a 3c licensed Asset Management Platform for high-quality institutional assets for a global investor marketplace in Abu Dhabi.

Industry sources added that registered and located in the United Arab Emirates (“UAE”) capital’s financial free zone, Abu Dhabi Global Market (ADGM), Peregrine is recognized as a key strategic platform infrastructure for global liquidity, investors and captures opportunities from critical Sovereign initiatives.

Industry sources added that by expanding its footprint in Abu Dhabi, Tsangs Group will cooperate with Peregrine to boost key partnerships and bring meaningful strategic outcomes in a variety of opportunities of significance to Tsangs Group and Peregrine in the booming Gulf Arab region.

Patrick Tsang, Chairman of Tsangs Group

Patrick Tsang, Chairman of Tsangs Group stated: “Tsangs Group is the first Far East family office to set up in the Dubai International Financial Centre since 2021; we are pleased to shape our profile with this promising partnership, as Peregrine is banking on the Gulf state’s world-class banking infrastructure and connectivity to financial centres like Hong Kong or London.”

Simon Goodman, CEO & Co-Founder of Peregrine

Simon Goodman, CEO & Co-Founder of Peregrine stated “Peregrine views Tsangs Group as a key global strategic partner featuring a world-class team with high-quality institutional assets and is compelled by the mission to bridge opportunities from East to West.”

Paul Salama-Caro, CIO and Co-Founder of Peregrine stated “Abu Dhabi is quickly emerging as a key strategic hub in the global digital assets industry, and the Peregrine platform sees itself at the forefront of its evolution. Building relationships in Abu Dhabi and beyond is instrumental to the development of Peregrine in the ADGM and surrounding region.”

Industry sources added that Abu Dhabi, which harbors seven percent of the world’s known oil reserves, is home to some of the most liquid and actively investing sovereign wealth funds and asset managers.

Source

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