Baring Asset Management has partnered with an Abu Dhabi-based First Gulf Bank to strengthen its presence in the Middle East.
As a part of the deal, two of Baring Asset Management’s top performing funds will be made available to investors through First Gulf Bank’s wealth management platform, First Wealth.
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Baring said that the names and details of the funds that will be available on First Gulf Bank’s platform will be made public following SCA regulatory approval.
Alan Wilde, the head of fixed income and currency at Baring, said: "Through this tie-up, customers of First Wealth will gain access to Baring Asset Management’s specialist fixed-income and emerging market investment capabilities."
Nisarg Trivedi, the head of UAE sales and business development at Baring Asset Management, said: "With UAE investors slowly regaining confidence in the markets and looking for greater returns on their investments, the requirement has never been greater for well balanced, diversified portfolios.
"We believe there will be strong demand for our investment solutions from the UAE and are confident that our partnership with First Gulf Bank will be a story of success," he added.
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By GlobalDataBaring Asset Management is part of the MassMutual Financial Group, a global, diversified financial services organization.
