Monday, 23 January 2017
Last updated 2 days ago
Jan 31 2013 | 11:15am ET
PineBridge Investments has opened its new Middle East headquarters in Bahrain.
The firm's new offices are in Manama, the Bahraini capital; in addition to the Middle East, the new office will also serve as headquarters for PineBridge's North African operations. The base, in the GBCORP Tower, officially opened this week.
PineBridge has been planning the office for months, and says it is a step towards a major expansion in the area. The New York-based firm already has offices in Istanbul, Turkey, and Dubai.
"PineBridge Investments has experience and presence in developed and emerging markets spanning more than 60 years. The Middle East and North Africa was a region where we have not had a substantial presence," Talal Al Zain, PineBridge's regional CEO and the former head of Bahrain's sovereign wealth fund, said. "We see significant opportunities for investment and substantial liquidity across MENA and Turkey, which have many underpenetrated markets across all assets classes."