EIIB-Rasmala, a UK-based independent investment manager, has renamed itself Rasmala. The group has also accompanied this rebrand with a refresh of its Rasmala brand identity and logo.
"The move underlines the Group’s commitment to its strong Gulf investor base and its continuing role in investing GCC capital into international markets," the group said in its press statement.
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Following the rebranding, the group intends to intensify its focus on alternatives and real estate offering.
Additionally, Rasmala is seeking to launch further series of new alternative funds in the first half of 2016.
Rasmala CEO Zak Hydari said: "Rasmala’s 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.
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By GlobalDataBased in London, Rasmala invests in the UK, USA, Europe, Middle East and Africa and specialises in offering asset management and financial investments services.
Rasmala’s asset management unit includes equities, fixed income as well as money market funds. The combined assets under management of the Group have now reached $1.1bn.
