Japan’s Nomura Asset Management has opened a new office in the Dubai International Financial Centre (DIFC) as part of its plans to expand its presence into the Middle East.
The new Middle East office in Dubai will promote and market international products and funds to sovereign wealth funds, pensions and other institutional investors.
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Additionally, the firm has named Tarek Fadlallah as CEO of its new office in Dubai. Fadlallah has more than 25 years of experience in the financial sector.
With this new office, the firm will manage its client relationships on a more hands-on basis and extend its services to new markets.
Tarek Fadlallah, CEO of Nomura Asset Management Middle East, said: "We are looking to reinforce our activities and offer investors improved access to our world class products. The development of the NAM Middle East business is a key step towards achieving this goal."
Nomura now has $291 billion of assets under management globally and offers products such as Japanese equities, global emerging market equities, Asia Pacific equities; research associates fundamental index strategies and fixed income.
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