French asset manager Amundi has opened new Dubai offices to expand its business in the Middle East region, hence joining United Arab Emirates’ financial hub Dubai International Financial Centre (DIFC).
Amundi’s move strengthens DIFC’s position as the largest financial hub in the region, DIFC said.
Arif Amiri, chief executive officer at DIFC said Amundi’s comes at a time when ever more companies choose DIFC.
“DIFC is proud to be home to almost 200 wealth and asset managers. The opening of Amundi’s regional office at DIFC demonstrates that we are making progress in the delivery of our 2024 growth strategy.”
Nesreen Srouji, CEO, Amundi Middle East, added: “We are delighted to be establishing our regional office in DIFC, which will allow us to better serve our MENA institutional clients and build upon our 30 plus year history in the region.
“With total assets under management now over $1.2trn, Amundi Asset Management is well on track to develop an even broader range of initiatives to our institutional clients.”