Australian firm opens Bahrain office
Manama, November 24, 2011
In a major boost for Bahrain's position as the financial capital of the Middle East, AMP Capital, one of Australia's leading specialist investment managers, has officially opened its new office in the kingdom.
This follows AMP Capital being awarded a representative office licence by the Central Bank of Bahrain (CBB) earlier this year.
"We are very pleased to establish our representative office in Bahrain," said AMP Capital chief executive – international, Anthony Fasso. "The GCC is an important region for AMP Capital to operate in, having existing clients across the region, including in Bahrain, for the last 10 years. We look forward to sharing our compelling investment opportunities with clients in the region," he said.
"Demand has been strong from investors looking to invest in asset classes where AMP Capital has specific capabilities, such as Australian real estate and regional and global infrastructure," he added.
"There is specific interest in Australian asset classes due to the relative robust performance of the economy, the commodity story and a way to benefit from the Asian growth story. By basing our operations in Bahrain we can benefit from a proven regulatory framework with a track record of facilitating business operations, as well as excellent connectivity into the wider GCC," Fasso said.
Economic Development Board chief executive Shaikh Mohammed bin Essa Al Khalifa said: "We look forward to supporting their growth in the region as it becomes a part of their 160-year history. They are an asset to our developing platform of global businesses and we look forward to working with them as they grow their business in the region."
A specialist investment manager with more than 250 investment professionals, over $94 billion in funds under management and a carefully selected global network of investment partners, AMP Capital offers significant depth and breadth of investment expertise. – TradeArabia News Service