As part of expanding its global presence
"Lord Abbet" chooses "Dubai International Finance" to open the first branch in the Middle East
The Dubai International Financial Center continues to consolidate its global position.
From the source
The Dubai International Financial Center announced that Lord Abbet Middle East Limited, an asset management company, has received the approval of the Dubai Financial Services Authority to operate its first and only office in the Middle East.
With this approval, Lord Abbet will be able to present its client-based investment offerings to the investment community in the Middle East, as the company has more than 50 years of experience managing multi-sector credit investments and deep knowledge in credit research and analysis.
James Savastano, CEO and President of Lord Abbet Middle East and Africa, said: “We are pleased to launch our business in the Middle East and Africa from the Dubai International Financial Centre, which, thanks to its strategic location, will enable us to better serve our client base in the region, and employ Our full investment capabilities are to serve the Middle East markets.”
For his part, CEO of the DIFC Authority, Arif Amiri, said: “The opening of Lord Abbet’s first and only office in the Middle East, within our center, reflects our prestigious reputation and the unique opportunities we open to asset management companies in the region.”
He stressed that the center continues to consolidate its global position, by attracting companies that enrich our markets with their long-standing expertise in the field of asset management, as well as supporting our endeavors to build the future of the finance sector.
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