Leading European Asset Management Firm Amundi Chooses DIFC for Regional Expansion

Dubai-UAE: 24 May 2017 – Dubai International Financial Centre (DIFC), the leading financial hub in the $7.4 trillion Middle East, Africa and South Asia (MEASA) region, today welcomes European asset management firm Amundi as it officially opens its new Dubai offices.

Amundi develops effective and innovative products in more than 30 countries and has ties with the largest sovereign wealth funds, pension funds, institutional and corporate funds around the world.

The move reinforces DIFC’s position as the largest fund regime in the region. It is a sector that continues to see rapid growth given the growing demand for wealth and asset management products and the vast pool of wealth in the Dubai, UAE and many parts of the region.

Arif Amiri, Chief Executive Officer at DIFC said: “We are very pleased that Amundi chose DIFC to open expand their regional operations. It comes at a time when more and more companies are choosing DIFC because of our proven common law framework, world class regulation and because financial services related companies recognise the value of our well established ecosystem.

DIFC is proud to be home to almost 200 wealth and asset managers. The opening of Amundi’s regional office at DIFC demonstrates that we are making progress in the delivery of our 2024 growth strategy.”

Nesreen Srouji, Chief Executive Officer, Amundi Middle East, added: “We are delighted to be establishing our regional office in DIFC, which will allow us to better serve our MENA institutional clients and build upon our 30 plus year history in the region.

With total assets under management now over USD $1.2 trillion, Amundi Asset Management is well on track to develop an even broader range of initiatives to our institutional clients. For example, we recently launched an innovative Green Bond platform, to be targeted to select number of institutional investors regionally and globally.”