The approval marks a significant milestone in AGL’s strategic expansion across the Gulf Cooperation Council (GCC) region and follows the opening of the firm’s ADGM office in August 2025 and the establishment of AGL Credit Management GCC Limited. He is based in ADGM and reports to Kassem Shafi, AGL’s Head of Investor Solutions and Capital Formation. Prior to joining AGL, Phillips served as Head of Corporate Credit at the Abu Dhabi Investment Council. AGL was established in 2019 by Peter Gleysteen with the support of a subsidiary of the Abu Dhabi Investment Authority (ADIA). “We are pleased to welcome AGL Credit Management to ADGM’s growing financial ecosystem,” said Arvind Ramamurthy, Chief Market Development Officer, ADGM.