17 Nov 2011
Dexia Asset Management (Dexia AM) has strengthened its regional presence by opening an office in Dubai which will cover part of the GCC and wider MENA region.
Dexia AM has been active in the GCC since 2006 when it launched its office in Bahrain. Sami El-Eid, who heads the Bahrain office, will also take responsibility for the new office, which will be based at the Dubai International Financial Centre (DIFC).
Dexia AM has been active in the GCC since 2006 when it launched its office in Bahrain. Sami El-Eid, who heads the Bahrain office, will also take responsibility for the new office, which will be based at the Dubai International Financial Centre (DIFC).
Naïm Abou-Jaoudé, CEO of Dexia AM, said “We see tremendous growth prospects in the MENA area, as higher oil prices over the long-term are in part set to increase GDP in the GCC, which will in turn create new opportunities for local asset managers. With its world class regulatory framework, the DIFC provides us with a stable environment to continue to develop our business across the region.”
Sami El-Eid, Head of Client Relations in MENA, said “The establishment of the Dubai office marks the start of the next phase of growth for Dexia AM in the GCC. We want to remain at the forefront of client servicing by bringing the right solutions and services to meet our clients’ risk profiles and investment strategies. Our growing regional footprint will enable us bring the latest innovations to our clients doorsteps and enhance our relationships.”
