Carnegie Asset Management FondsmaeglerselskabTakes Dubai as a Regional Hub by opening an Office in DIFCPress Release28 Apr 2013 08:25 am
Carnegie Asset Management Fondsmaeglerselskab A/S, a specialist global equity asset manager, is pleased to announce the opening of its Representative Office in the Dubai International Financial Centre (DIFC). The new office marks an important stage of expansion for the firm and will be the regional hub for the development of its business in the Middle East as well as selective markets in South-East Asia.
Marc Foss has been appointed as the Principal Representative and will head the firm’s Middle East and South-East Asian business based in Dubai. Marc has 16 years of experience in the region and brings extensive experience both in portfolio management and business development. Prior to joining Carnegie Asset Management, he was regional head of business development at Silk Invest in Dubai. Before that, he held senior positions at the Abu Dhabi Investment Authority and Dubai International Capital.
Commenting on the appointment, Matthias Wiegand, Head of International Clients, said: “We are very pleased to have a presence in the DIFC which is an internationally recognized and leading financial centre. This move marks an important step in our growth and will allow us to fulfill one of our strategic initiatives, namely to expand our business in both the growing markets of the Middle East and selective markets in South-East Asia.
Marc’s knowledge of the region together with his investment management and sales experience will allow us to market and raise awareness of CAM’s stock-picking equity strategies. His addition to the team will enable us to develop and maintain long-term institutional client relationships based on professionalism and trust which is very much at the heart of the firm’s culture”.
Jeffrey Singer, CEO of DIFC Authority, said: "We are pleased to welcome Carnegie Asset Management to our community of financial and professional services firms. DIFC is not just a cornerstone of the Dubai and UAE economies, but is also the centre for attracting investment, supporting economic growth across the region, and enabling global capital flow. Carnegie Asset Management offers a strong proposition to regional investors and their decision to establish a regional base in DIFC will provide them with an ideal platform to facilitate capital flows into and out of Middle East and South-East Asian markets."