PineBridge opens MENA HQ in Bahrain
PineBridge Investments, the global independent asset manager, has opened its MENA headquarters in the GBCORP Tower, Bahrain Financial Harbour district in Manama.
HE Rasheed Mohammed Al Maraj, Governor of the Central Bank of Bahrain, was joined by dignitaries and executives from the board of the firm, including Mervyn Davies (pictured), non-executive chairman of PineBridge Investments; David T Jiang, chief executive of PineBridge Investments; and Talal Al Zain, chief executive of PineBridge Investments Middle East, as he officially opened the office.
The establishment of the headquarters will spearhead PineBridge’s expansion in the Middle East, North Africa and Turkey. The firm will offer investment management services including core and alpha-orientated solutions.
Al Maraj says: “As one of the leading independent asset managers, PineBridge Investments possesses the expertise and capabilities that support the thriving financial ecosystem in the Kingdom. We are pleased with PineBridge’s decision to locate their MENA headquarters in Bahrain which is a strong validation of Bahrain’s open business and strong regulatory environment, highly skilled work force and proximity to other GCC markets.”
Lord Davies says: “The board of PineBridge is delighted with this strategic move. This is an exciting region, and a testament to PineBridge’s tradition as a forward-looking organisation.”
PineBridge Investments is increasing its focus on emerging markets, including the Middle East. In July 2012 PineBridge received a Category 1 License from the Central Bank of Bahrain. PineBridge Investments Middle East BSC (c) will cover the Middle East, North Africa and Turkey.
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