The HK-headquartered family office has just added a new office in Dubai, and plans to add headcount to support its core investments in China and the US.
Tag : middle east
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.
Tarek Fadlallah says the Japanese fund house's new Dubai office will focus on institutional clients. A retail business is not on the agenda, but investment staff could be.
The UK fund house is said to have engaged a recruitment firm to help it set up its first branch in the Middle East, joining a list of firms making or planning similar moves.
The UK fund house has agreed to buy 80% of Jakarta-based NISP Asset Management. It is also understood to be planning a branch in the Middle East, as rivals make similar moves.
Following the exit of 25-year Mercer veteran Mailesh Shah, the firm has appointed a new head of investment consulting for the Middle East and Africa.
In light of an improved economic outlook and rising salaries, companies in the region are looking anew at the benefits of launching retirement schemes.