Islamic assets managed in the Middle East shrank overall last year, but sharia alternative investments were a bright spot, finds AsianInvestor research ranking firms by AUM.
Jean Michel Bourgoin, previously Middle East head for Amundi, will look to expand Natixis Global Asset Management's regional focus beyond sovereign wealth funds.
The asset management and servicing group is recruiting five executives to raise its Middle East headcount to 14 in anticipation of opportunities in the region's pensions industry.
Taurus Wealth Advisors recently hit $1 billion in assets under management and has applied for a licence to operate in the Middle East with a view to winning more clients there.
A raft of family businesses are planning to list in the coming months in the Middle East, but they face competition for investor capital from state company IPOs and concerns about governance.
Optimism greeted news that Saudi Arabia aims to open its equities market to foreign investors next year. Amid the surge, managers are talking up the prospects of Qatar and UAE.