Dexia Asset Management (Dexia AM) has strengthened its regional presence by opening an office in Dubai which will cover part of the GCC and wider MENA region. Based at the Dubai International Financial Centre (DIFC), this new office reflects Dexia AM’s growth strategy and commitment to excellent client service across the region.
Dexia AM has been active in the GCC since 2006 when it launched its office in Bahrain. Sami El-Eid who heads the Bahrain office will also take responsibility for the new office in the DIFC.
Naïm Abou-Jaoudé (pictured), CEO of Dexia AM, says: “We see tremendous growth prospects in the MENA area, as higher oil prices over the long-term are in part set to increase GDP in the GCC, which will in turn create new opportunities for local asset managers. With its world class regulatory framework, the DIFC provides us with a stable environment to continue to develop our business across the region, and I am confident that this new, broader, footprint will enable us to reinforce our local presence and reach our objectives.”
Sami El-Eid, Head of Client Relations in MENA, says: “The establishment of the Dubai office marks the start of the next phase of growth for Dexia AM in the GCC. We want to remain at the forefront of client servicing by bringing the right solutions and services to meet our clients’ risk profiles and investment strategies. Our growing regional footprint will enable us bring the latest innovations to our clients doorsteps and enhance our relationships.”
Sami El-Eid is a CFA charter holder, educated in France, the UK and Canada and has over 17 years of industry experience in the Middle East. He joined Dexia AM in the spring of 2011 as Head of Client Relations in MENA.He joined from Robeco Asset Management, where he was Country Manager in the UAE, Qatar & Oman. Prior to working in asset management industry, Sami worked at Ernst & Young and Abu Dhabi Investment Authority.