Dexia Asset Management (Dexia AM), the asset management company belonging to the Dexia Group, today announced the celebration of its one year presence in the Middle East following the opening of its regional office in Manama, Bahrain in October 2006. This is the first office Dexia AM has opened in the Middle East, covering nine countries across the region: Bahrain, Saudi Arabia, the United Arab Emirates, Kuwait, Oman, Qatar, Lebanon, Jordan and Egypt.
On this memorable occasion, Dexia AM is inviting its Middle East clients to a seminar on asset management industry trends, presided by the CEO of Dexia AM and Member of Dexia Group Executive Committee, Naïm Abou-Jaoudé. Naïm Abou-Jaoudé commented: “It is very important to celebrate our first year of operations in the Middle East and it gives us the opportunity to meet with our partners in person, thank them for their support and provide them with an update of our company activities. Dexia Asset Management looks forward to further establishing itself in the region and maintaining successful long-term partnerships. Firas Mallah and his team work on this on a daily basis and have my full support.”
Dexia AM’s philosophy in the region is to bring its European expertise and adapt this to local market needs. Firas Mallah, Head of the Middle East Representative office, stated: “There are presently significant high growth opportunities in the region. My team and I are looking forward to reinforcing partnerships with our existing clients and working with new clients in the many years to come.”
During this year, Dexia Asset Management in the Middle East has managed not only to reach, but has also largely exceeded, its ambitious target for the year. This success is in part due to the excess regional liquidity, a significant growth engine for the asset management industry in general. However, it is also primarily thanks to several large institutions in the Middle East which have entrusted Dexia AM with the management of large institutional portfolios spanning all areas of the company’s expertise. Dexia Asset Management in the Middle East will continue to seek an increased presence and involvement across the region, both in terms of team size, as well as in terms of geographical presence.
After this first year of success, Dexia AM is planning to expand its Middle East operations in the coming year. This expansion is in line with the company’s business objectives in the region and the ambition to continually ensure the utmost reactivity to its partners’ dedicated needs. Dexia AM’s one year anniversary also coincides with the company’s move to new office space in the Bahrain Financial Harbour (BFH).
Dexia Asset Management offers a tailor-made approach as well as in-depth experience of the asset management industry in Continental Europe. It has an established expertise in traditional management (equities, fixed income and asset allocation) across Europe and holds a leadership position within the Sustainable Responsible Investment (SRI) and Alternative Management fields. A team of over 220 investments specialists, all coming from various backgrounds work together across Dexia AM’s four management centres: Brussels, Luxembourg, Paris and Sydney, supported by over 400 colleagues. The company works closely with numerous institutional and private clients, be they pension funds, government institutions or retail banks, advised by our local sales teams.
About Dexia Asset Management
Dexia Asset Management, the asset management centre for the Dexia financial group, specializes in financial analysis, fund management and management of institutional and private mandates. At the end of August 2007, Dexia Asset Management reached the milestone of US$ 157.19 billion of assets under management. As a first class European asset manager, Dexia AM manages assets spread over a wide range of investment competences: traditional management, alternative management and sustainable and responsible investments. Dexia AM has management centres in Brussels, Luxembourg, Paris and Sydney and sales teams throughout Continental Europe, Australia and Bahrain.
Dexia Asset Management celebrates first year of operations in the Middle East
Manama, Bahrain, 1st November 2007: Dexia Asset Management (Dexia AM), the asset management company belonging to the Dexia Group, today announced the celebration of its one year presence in the Middle East following the opening of its regional office in Manama, Bahrain in October 2006. This is the first office Dexia AM has opened in the Middle East, covering nine countries across the region: Bahrain, Saudi Arabia, the United Arab Emirates, Kuwait, Oman, Qatar, Lebanon, Jordan and Egypt.
On this memorable occasion, Dexia AM is inviting its Middle East clients to a seminar on asset management industry trends, presided by the CEO of Dexia AM and Member of Dexia Group Executive Committee, Naïm Abou-Jaoudé. Naïm Abou-Jaoudé commented: “It is very important to celebrate our first year of operations in the Middle East and it gives us the opportunity to meet with our partners in person, thank them for their support and provide them with an update of our company activities. Dexia Asset Management looks forward to further establishing itself in the region and maintaining successful long-term partnerships. Firas Mallah and his team work on this on a daily basis and have my full support.”
Dexia AM’s philosophy in the region is to bring its European expertise and adapt this to local market needs. Firas Mallah, Head of the Middle East Representative office, stated: “There are presently significant high growth opportunities in the region. My team and I are looking forward to reinforcing partnerships with our existing clients and working with new clients in the many years to come.”
During this year, Dexia Asset Management in the Middle East has managed not only to reach, but has also largely exceeded, its ambitious target for the year. This success is in part due to the excess regional liquidity, a significant growth engine for the asset management industry in general. However, it is also primarily thanks to several large institutions in the Middle East which have entrusted Dexia AM with the management of large institutional portfolios spanning all areas of the company’s expertise. Dexia Asset Management in the Middle East will continue to seek an increased presence and involvement across the region, both in terms of team size, as well as in terms of geographical presence.
After this first year of success, Dexia AM is planning to expand its Middle East operations in the coming year. This expansion is in line with the company’s business objectives in the region and the ambition to continually ensure the utmost reactivity to its partners’ dedicated needs. Dexia AM’s one year anniversary also coincides with the company’s move to new office space in the Bahrain Financial Harbour (BFH).
Dexia Asset Management offers a tailor-made approach as well as in-depth experience of the asset management industry in Continental Europe. It has an established expertise in traditional management (equities, fixed income and asset allocation) across Europe and holds a leadership position within the Sustainable Responsible Investment (SRI) and Alternative Management fields. A team of over 220 investments specialists, all coming from various backgrounds work together across Dexia AM’s four management centres: Brussels, Luxembourg, Paris and Sydney, supported by over 400 colleagues. The company works closely with numerous institutional and private clients, be they pension funds, government institutions or retail banks, advised by our local sales teams.
About Dexia Asset Management
Dexia Asset Management, the asset management centre for the Dexia financial group, specializes in financial analysis, fund management and management of institutional and private mandates. At the end of August 2007, Dexia Asset Management reached the milestone of US$ 157.19 billion of assets under management. As a first class European asset manager, Dexia AM manages assets spread over a wide range of investment competences: traditional management, alternative management and sustainable and responsible investments. Dexia AM has management centres in Brussels, Luxembourg, Paris and Sydney and sales teams throughout Continental Europe, Australia and Bahrain.
