Menacorp, one of the leading financial services firm in UAE, has announced today that Tariq Qaqish joined the firm as managing director asset management.

Menacorp is well known for being a securities brokerage leader as it has, for the past four consecutive years, ranked first among 49 competitors, by market share and trade value on the Dubai Financial Market, the main exchange of the UAE, the company said.

Menacorp has also established a strong position on the fast-growing Nasdaq Dubai Equity Futures market where the firm is also ranked first with a market share constantly exceeding 60 per cent of the total trade value.

With Tariq Qaqish joining the company to run its asset management business, Menacorp plans to accelerate its growth and offer a more diverse range of services and products to its wide base of clients comprising financial institutions, corporations, government entities, sovereign investors, family offices, high net worth individuals and private clients.

"Thanks to the loyalty of our clients, the backing of our shareholders of the Bin Hamoodah Group and the dedication of our employees, Menacorp is today a well-regarded financial institution in the Middle East and North Africa region. The establishment of a wholly-owned asset management division is a natural development for our firm," said  Fathi Ben Grira, CEO of Menacorp.

"As our strategy has always been to hire the best talents in the region, we are excited to have a professional of the caliber of Tariq joining us. With his 25 years of experience, world-class expertise and deep understanding of the local and regional economies, Tariq is the right person to lead our firm on this new segment," said ben Grira.  - TradeArabia News Service