Nomura opens Mideast office in Dubai
Dubai, June 11, 2014
Japanese fund manager Nomura Asset Management has opened an office in the Dubai International Financial Centre (DIFC), as part of its ongoing commitment to the Middle East.
The launch is part of a broader strategy that will see Nomura’s Middle East office use its strengths and expertise in the local market to promote and market international products and funds to sovereign wealth funds, pensions and other institutional investors, said a statement.
It also seeks to manage its client relationships on a more hands-on basis and extend its services to new markets, it said.
The company has appointed Tarek Fadlallah as the CEO of its Middle East office in Dubai.
Fadlallah comes with more than 25 years of experience in the financial sector.
Globally, Nomura has $291 billion of assets under management. Its products include Japanese equities, Global Emerging Market equities, Asia Pacific equities, Research Associates Fundamental Index© strategies and Fixed Income.
The firm also manages GCC stocks through its Arabian fund which was first distributed to Japanese retail investors in 2007 as well as its Frontier and Emerging Market funds. - TradeArabia News Service