Saturday, 5 September 2015
Last updated 11 hours ago
Jul 25 2012 | 10:00am ET
Four months after hiring a new CEO for the Middle East and North Africa, PineBridge Investments has settled upon his hometown as its new regional headquarters.
The New York-based firm said yesterday that it had won a license from the Central Bank of Bahrain and would set up shop in the tiny Persian Gulf island country. While PineBridge already has offices in Istanbul, Turkey, and Dubai, the selection of Bahrain isn't terribly surprising: Regional CEO Talal Al Zain formerly headed the country's sovereign wealth fund, Bahrain Mumtalakat Holding.
The new PineBirdge Investment Middle East will give PineBridge access to "underpenetrated markets across all asset classes," the firm said.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…