EIIB-Rasmala, the London-headquartered independent investment manager, has changed its name to Rasmala as part of its new growth strategy which intensifies focus on alternatives and real estate offering.

Established in 1999, Rasmala is a major provider of asset management and asset-backed financing solutions to pension funds, family offices, corporates and financial institutions.

The move underlines the group’s commitment to its strong Gulf investor base and its continuing role in investing GCC capital into international markets, said the company which is listed on the AIM market of the London Stock Exchange.

The group has also accompanied this rebrand with a refresh of its Rasmala brand identity and logo.

Rasmala has key investments in the UK, US, Europe, Middle East and Africa. Its range of products now includes a number of highly innovative investment solutions in areas such as trade finance, leasing and real estate.

Rasmala’s asset management business also covers equities, fixed income as well as money market funds. The combined assets under management of the group have now increased to $1.1 billion.

Zak Hydari, the chief executive, said: "For more than 15 years, Rasmala has been one of the most recognised and respected brands with Gulf-based investors. Our regional pedigree and investment track record has allowed us to create a combined group that now presents a market leading offering of innovative solutions to both regional and international clients."

"We have positioned the combined business to focus on top tier investment management. Our rebrand to ‘Rasmala’ was a logical next step in unifying the group under one solid, trusted brand. We now look to accelerate the expansion of the group into more new products and markets,” he added.-TradeArabia News Service