Dexia Asset Management (Dexia AM), the asset management company belonging to the Dexia Group, will host a seminar to mark its first anniversary in Bahrain.

The company opened its regional office in Manama in October 2006. This is the first office Dexia AM has opened in the Middle East, covering nine countries across the region: Bahrain, Saudi Arabia, the United Arab Emirates, Kuwait, Oman, Qatar, Lebanon, Jordan and Egypt.

The seminar will be presided over by the CEO of Dexia AM and member of Dexia Group executive committee, Naïm Abou-Jaoudé.

Naïm Abou-Jaoudé commented: “It is very important to celebrate our first year of operations in the Middle East and it gives us the opportunity to meet with our partners in person, thank them for their support and provide them with an update of our company activities. Dexia Asset Management looks forward to further establishing itself in the region and maintaining successful long-term partnerships. Firas Mallah and his team work on this on a daily basis and have my full support.”

Dexia AM’s philosophy in the region is to bring its European expertise and adapt this to local market needs. Firas Mallah, head of the Middle East Representative office, stated: “There are presently significant high growth opportunities in the region. My team and I are looking forward to reinforcing partnerships with our existing clients and working with new clients in the many years to come.”

During this year, Dexia Asset Management in the Middle East has managed not only to reach, but has also largely exceeded, its ambitious target for the year.

After this first year of success, Dexia AM is planning to expand its Middle East operations in the coming year. This expansion is in line with the company’s business objectives in the region and the ambition to continually ensure the utmost reactivity to its partners’ dedicated needs. Dexia AM’s one year anniversary also coincides with the company’s move to new office space in the Bahrain Financial Harbour (BFH). – TradeArabia News Service