Leading European Asset Management Firm Amundi Chooses Dubai International Financial Centre for Regional Expansion

Wednesday 24 May 2017

Dubai - MENA Herald: Dubai International Financial Centre (DIFC), the leading financial hub in the US$7.4 trillion Middle East, Africa and South Asia (MEASA) region, today welcomed European asset management firm Amundi as it officially opened 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 Dubai, the wider UAE and many parts of the region.

Arif Amiri, Chief Executive Officer at DIFC, said: “We are very pleased that Amundi chose DIFC to expand its regional operations. This move comes at a time when more and more companies are opting to locate themselves at 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 establish 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 US$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 target select numbers of institutional investors regionally and globally.”

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