eVestment, a provider of institutional investment data and analytics, has opened a new office in Dubai to expand is presence in the Middle East and Africa.
The Dubai office will be headed by Wissem Souissi, who will serve as vice president Middle East and Africa region.
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Souissi joined eVestment from eFront, where he served as sales manager for the Middle East and the Russian Commonwealth. Prior to this, he also has worked with Moody’s Analytics in Southern and Eastern Europe and Africa.
The new office will offer investors access to eVestment’s database to gain global visibility. It also provides a range of solutions for assessing managers’ performance against peers, understanding investor interests and needs, and marketing funds and products.
Additionally, eVestment delivers a range of tools for evaluating managers in the Middle East and Africa and across the globe, the ability to screen managers and products by adherence to Islamic values and other criteria, as well as market intelligence on traditional and alternative investment performance, asset flows and trends.
Located at the Building 01 in Dubai Internet City, the new office launch follows increasing investor demand in traditional, alternative managers in Middle East and Africa.
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By GlobalDataeVestment reported that investable institutional assets in the Middle East and Africa have increased more than 180% to $560 billion as of Q2 201 4, compared to $196.8 billion in the first quarter of 2009 .
Jim Minnick, co-founder and CEO of eVestment, said: "The rise in investable assets in the Middle East and Africa region and the increased interest in the region among global investors makes this the perfect time for eVestment to open this office to help forge those connections."
Souissi said: "We have been covering this region from our London office, but the time is right to establish a local presence that will allow us to be closer to clients and to this growing investment market.
"The flourishing South African financial market, the upgrade by MSCI of UAE and Qatar indexes to Emerging Markets and Saudi Arabia’s plans to open its stock market to foreign investors will make eVestment’s services even more valuable to investors, consultants and managers working in the region or those from around the world interested in the region," he added.
