Thursday, 26 May 2016
Last updated 15 hours ago
May 15 2013 | 10:31am ET
New York-based asset manager PineBridge Investments has tapped Wael Aburida as chief investment officer for its Middle East, North Africa and Turkey division.
Aburida will lead PineBridge’s MENA private equity and real estate team with responsibility for deal origination, negotiations, execution, portfolio management, and exits. Aburida will be based in PineBridge's recently opened Bahrain office and will report to Talal Al Zain, Chief Executive Officer at PineBridge Investments Middle East.
Aburida, who joins PineBridge from UAE-based Waha Capital where he was director of mergers & acquisitions, brings about 20 years of deal-oriented private equity and investment banking experience to his new post. His resume includes time in California, as director of the global M&A group for Intel Corporation and managing director of Nollenberger Capital Partners and DCA Partners.
Said Al Zain in a statement: “I am pleased that Wael has joined our expanding regional team ofexceptional investment professionals. Wael is an ideal fit for PineBridge, bringing a broad range of global and regional expertise that will help us meet growing client demand for private equity and real estate solutions. We will continue to strengthen our team in order to capitalize on the region’s demand for investment opportunities.”
PineBridge has US $71.5 billion in assets under management for institutional and individual investors worldwide as of 31 March 2013.