IXIS Asset Management UK Limited moves into DIFCPress Release13 May 2006 11:05 am
IXIS Asset Management UK Limited, a subsidiary of IXIS Asset Management Group, is pleased to announce the official opening of its regional office in the Dubai International Financial Centre (“DIFC”). IXIS Asset Management Group is a global investment management firm with assets under management in excess of $US 513 billion. It is ranked amongst the top 10 largest firms in Europe and in the top 20 globally.
“Today, Dubai is recognized as a global business centre and is an excellent base for financial service companies looking to expand into the Middle East.” said Gilles Guerin, President and CEO of IXIS Asset Management Global Associates, the entity of IXIS Asset Management Group dedicated to cross-border distribution activity.
Dr Omar Bin Sulaiman, Director General of DIFC Authority, commented: “We are pleased to welcome IXIS Asset Management to the DIFC. The DIFC offers an ideal operating platform with its international standard regulatory framework and infrastructure. We wish them the best and look forward to their success.”
The DIFC branch of IXIS Asset Management UK Limited (“IXIS Asset Management Dubai”) will be headed by Mr. Jamal Saab, Managing Director, Middle East. Mr. Saab has spent more than 15 years building successful relationships with regional institutional and private investors.
“These are exciting and unprecedented times in Dubai,” said Mr. Saab. “With the continued growth of the regional economies, global financial services companies need a committed local presence to provide international asset management expertise to institutional investors. Furthermore, the DIFC and the DFSA have also raised the standard of corporate governance and compliance in the region to equal any top tier recognized international regulator.”
IXIS Asset Management Dubai will offer multiple investment disciplines and solutions for the investment needs of a range of clients by providing access to a full spectrum of equity, fixed income and alternative investment strategies and products managed by IXIS Asset Management Dubai’s investment management affiliates. The investment management firms affiliated with IXIS Asset Management Dubai include AEW Capital Management; Caspian Capital Management; Hansberger Global Investors; Harris Alternatives; Harris Associates; IXIS Asset Management Asia; IXIS Asset Management (France); Loomis, Sayles & Company; Reich & Tang Asset Management; Vaughan Nelson Investment Management and Westpeak Global Advisors.