Finnish manager Evli has struck a deal with Market Securities, which will see the latter’s Cross Asset and Structured Solutions teams promote and distribute Evli’s credit, equity and alternative asset strategies to professional investors across GCC countries.
Evli already has a Dubai presence in the form of Ami Kemppainen, adviser on the Evli Emerging Frontier fund, a Ucits vehicle.
The latest deal means, however, that the broader suite of strategies can be distributed into that region, which Petter von Bonsdorff, head of International Business Development says will target locally based professional investors.
Market Securities manager Mika Parviainen suggested that factors behind the agreement included the 20-year average experience of Evli managers, its investment processes, and active approach.
“The results have seen Evli gain a strong and credible track record among institutional investors. Based on our selection criteria, we see Evli as an excellent match to our selective partnership network.”
Recently, Evli Fund Management Ltd, the subsidiary of Evli Bank plc, has made a number of announcements around its capabilities, including applying standardised DDQ via the Door project, and implementing an exclusion policy on its Global Equity strategy.
Earlier this year, it moved to enter the Belgian market.