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Gulf International Bank appoints Robert Sargent as head of asset management

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Kuwait-based Gulf International Bank has announced the appointment of Robert Sargent as head of asset management at its subsidiary in London, Gulf International Bank (UK).

Kuwait-based Gulf International Bank has announced the appointment of Robert Sargent as head of asset management at its subsidiary in London, Gulf International Bank (UK).

Sargent has more than 20 years’ experience in asset management, largely at Morgan Stanley where he ran the investment management business for Europe, Asia, Middle East, Africa and Australia.

He was most recently chief executive and business head for Europe, the Middle East and Africa with Lehman Brothers Asset Management.

‘This senior level appointment is a significant step in our efforts to expand our franchise through a client-led asset management business,’ says Gulf International Bank chief executive Dr Yahya Alyahya. ‘Mr Sargent will initially focus on enhancing and growing existing products and portfolios with the intention of expanding the investment strategies and products over time.’

Says Sargent: ‘I am very excited to join Gulf International Bank and to take responsibility for one of the region’s leading asset management franchises. I believe that our business has vast potential and, combined with the evolving financial landscape, we have significant opportunity for future growth.’

Gulf International Bank is one of the Arab world’s largest commercial managers of client assets, which exceed USD14bn, and offers a wide range of investment products for institutional investors in the Middle East and Europe, including developed and emerging market bonds, global equities, funds and structured products.

The bank employs 24 asset managers, strategists and analysts in London.

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