Asset manager PineBridge Investments has appointed Wael Aburida as chief investment officer (CIO) of its Middle East, North Africa and Turkey team.
Prior to this, Aburida was director of mergers and acquisitions at UAE-based Waha Capital, and was director of the global M&A Group for Intel Corporation, based in the California global headquarters, before that. He was also, previously, the managing director of Nollenberger Capital Partners and DCA Partners, both located in Northern California.
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At PineBridge, Aburida will manage the MENA private equity and real estate team estate team covering the Middle East, North Africa and Turkey. He will be responsibility for deal origination, negotiations, execution, portfolio management, and exits.
Aburida will report to Talal Al Zain, chief executive officer at PineBridge Investments Middle East, and will be based in Bahrain.
Aburida said: "While private equity is slowing in some developed markets, there is significant regional demand for proprietary private equity and real estate deals. We will be capitalizing on this demand for high quality direct investment opportunities, rigorous due diligence and active portfolio management of investments.
"Our real estate investment strategy is centered around income-generating assets in the GCC markets. From a private equity perspective, we are focused on growth investments into business services, social infrastructure and industrial and manufacturing companies serving the growth-oriented demographics of the region."
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