Wednesday, 10 February 2016
Last updated 20 hours ago
Sep 23 2013 | 12:57pm ET
Napier Park Global Capital—formerly Citi Capital Advisors, the hedge fund business spun out of Citigroup earlier this year—is hanging its shingle in Dubai.
The new office, located in the Dubai International Financial Centre, will be led by Managing Director Saad Ashraf, an investment professional with more than 17 years of experience in the MENA region. Prior to joining Napier Park, Ashraf held senior roles at Citi Capital Advisors, Goldman Sachs, Merrill Lynch and Citi Global Markets in fundraising and securities businesses in Dubai and London.
“Expanding our asset management business into the UAE is an important next step to growing our global platform,” said Jim O’Brien, co-managing partner of Napier Park. “We are excited to now be able to offer Napier Park’s innovative credit products to sophisticated investors in the MENA region. We are also very pleased to be working with Saad once more. His experience and deep relationships in the region will be a tremendous asset to our firm and clients alike.”
Napier Park, with a core focus on alternative credit and structured investments, manages approximately $6.7 billion in a product mix including hedge funds, bespoke client separate accounts, private investments and CLOs. In addition to the Dubai office, Napier Park has offices in New York and London.