Friday, 27 November 2015
Last updated 1 day ago
Mar 29 2012 | 9:35am ET
PineBridge Investments has hired the former head of Bahrain's sovereign wealth fund to lead its expansion into the Middle East and North Africa.
Talal Al Zain's appointment as CEO for the region marks PineBridge's decision to launch full-service operations, including funds, there. The New York-based firm has a presence in Dubai and Turkey, but employs fewer than nine people in the region; it plans to increase that number by about 35 over the next year.
The $67.3 billion asset manager is considering several locations for its MENA headquarters, including Al Zain's old haunt, Bahrain.
"PineBridge is well-established, with global capabilities in key growth markets and innovative investment solutions," Al Zain said. "I look forward to expanding its presence in the MENA region, and strengthening the firm’s product offering, especially private equity deal flow, to benefit its global client base."
In addition to his duties in the MENA region, Al Zain was named co-head of alternative investments at PineBridge and a member of the firm's executive committee.
Prior to joining PineBridge, Al Zain was CEO of Bahrain Mumtalakat Holding.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…