Dexia Asset Management, a specialist in financial analysis, fund management and institutional and private mandates, has opened its new office in Dubai in line with its regional expansion plans.

The new office established at the Dubai International Financial Centre (DIFC) will cover part of the GCC and wider Mena region.

Dexia AM is active in the GCC since 2006 when it launched its office in Bahrain. Sami El-Eid who heads the Bahrain office will also take responsibility for the new office in DIFC.

The launch reflects Dexia AM’s ongoing growth strategy and growing commitment to better serve clients and institutions across the region.

“We see tremendous growth prospects in the Mena area,” remarked Naïm Abou-Jaoudé, CEO of Dexia AM.

“The global economic environment creates new opportunities for asset managers in the region and we want to remain at the forefront of innovation by bringing the right solutions and services to meet our clients’ risk profiles and investment strategies.'

'I am confident that this new, broader, footprint will allow us to grow our regional business,' he noted.

Sami El-Eid is a CFA charterholder, educated in France, the UK and Canada and has over 17 years of industry experience in the Middle East.

“The establishment of the Dubai office marks the next phase of growth for Dexia AM in the region,” said Sami El-Eid.

“With its world class regulatory framework, the DIFC provides us with a stable environment to develop our business across the region. Our growing regional presence will be of much benefit to clients as we bring the latest investment solutions to their doorsteps, he added.

Dexia has management teams in Brussels, Luxembourg, Paris and Sydney and sales teams throughout Continental Europe, Canada, Australia and the Middle East.-TradeArabia News Service