AMG Opens Sales and Marketing Office in Dubai to Increase Focus on the Middle East MarketPress Release 22 Feb 2012 12:57 pm
Affiliated Managers Group, Inc. (NYSE: AMG) today enhanced its Middle East distribution capabilities by establishing an office in Dubai International Financial Centre (DIFC).
AMG is a global asset management company with equity investments in leading boutique investment management firms. AMG’s innovative partnership approach allows each Affiliate’s management team to own significant equity in their firm while maintaining operational autonomy. In addition, AMG provides centralized assistance to its Affiliates in strategic matters, marketing, distribution, product development and operations.
AMG’s Affiliates are recognized for their best-in-class, long-term performance track records across a broad array of investment products, particularly in global and emerging markets equity and alternative strategies. With sales and marketing offices located in major financial centers including Asia, Australia, Europe, North America and now the Middle East, AMG’s distribution platform enhances the global reach of its Affiliates’ marketing efforts.
“The opening of our Dubai office strengthens our commitment to the asset management market in the Middle East and marks a new phase in our distribution strategy for the region,” said Andrew Dyson, AMG’s Executive Vice President and Head of Global Distribution. “Having a locally-based presence will raise the profile of our industry-leading investment boutiques among a wide range of institutional investors, broaden access to our Affiliates’ distinctive products and strategies and help them better serve clients in this important and growing region.”
Through this distribution platform, institutional investors in the Middle East will gain access to the investment services and products offered by AMG’s Affiliates across multiple investment styles and asset classes, including global and emerging market equities, alternatives and asset allocation products. The Middle East effort will continue to be led by David Waite, Managing Director, who joined AMG in 2008 to build out AMG’s business development and marketing efforts in the region. Mr. Waite has relocated to Dubai from London.
Abdulla Mohammed Al Awar, Chief Executive Officer of DIFC Authority, said, “We are pleased to welcome Affiliated Managers Group and its Affiliates to DIFC and look forward to supporting their business development and growth in the region. Dubai’s emerging investment management industry remains a growth market for global financial services companies and investment advisors based in the region. AMG and its Affiliates will be a dynamic addition to this thriving industry.”