#asset management

Sagard grows global presence with Abu Dhabi office

Canada’s Sagard expands global footprint with Abu Dhabi office

The regional office will be led by Firas Mallah, managing director and head of the Middle East

Wellington Management opens Dubai Office

Wellington Management set to expand into Middle East with Dubai office

Wellington has been managing assets for clients in the Middle East and North Africa for 29 years and decided to expand into the region to support local needs

Jio Blackrock

Mukesh Ambani, BlackRock to launch new Indian venture

Jio Financial Services and BlackRock signed an agreement to form Jio BlackRock, an equal joint venture

IHC photo twitter IHC official

Abu Dhabi-based IHC posts 20.5% rise in Q1 net profit to Dhs4.3bn

The company achieved a robust revenue increase of 50 per cent versus Q1 2022, reaching Dhs15.7bn during Q1 2023

Lord Abett to open office at DIFC receives DFSA nod

Asset management firm Lord Abbett to open its first Middle East office at DIFC

US-based Lord Abbett joins more than 250 leading wealth and asset managers at DIFC

GFH student housing portfolio in the US

Bahrain-based GFH Group acquires $300m US student housing portfolio

GFH Financial Group’s investment strategy in the student housing sector is focused on building a diversified portfolio that comprises top universities in the US

AD Islamic bank

Abu Dhabi Islamic Bank to set up asset management firm

The Shariah-compliant lender is also continuing to look at organic and inorganic growth opportunities for its banking business

Abu Dhabi fund Mubadala Capital buys major Taco Bell franchisee

The deal reflects Mubadala Capital’s foray into the food and beverage sector, where it invested about $1.8bn in the past seven years alone

Emirates Dubai Australia

Dubai’s RTA, Emirates sign agreement to cooperate in asset management

This agreement follows the Dubai government’s directive for government entities to leverage the expertise of semi-government and private organisations

Dubai’s Shuaa Capital supports businesses via its corporate restructuring and financial services

In the past few years, the firm has structured and invested over $4bn of debt deals