Amundi opens Dubai office as it expands into MENA region

Amundi opens Dubai office as it expands into MENA region

Amundi, the Paris-based, Euronext Paris-listed asset manager has opened an office  in the Dubai International Financial Centre, which it said would enable it to better look after its clients in the Middle East and North African region.

Nesreen Srouji was formally named chief executive officer of Amundi Middle East last May, and was originally based in Abu Dhabi. In a statement yesterday, she said: “We are delighted to be establishing our regional office in [the] DIFC, which will allow us to better serve our MENA institutional clients, and build upon our 30-plus-year history in the region.”

Amundi, which was created out of a merger of the asset management operations of Crédit Agricole and Société Générale, and listed on the Paris stock exchange in 2015, currently markets its products in more than 30 countries around the world, and includes among its clients some of the world’s largest sovereign wealth funds, pension funds, institutional and corporate funds.

The DIFC opened its doors in Dubai in 2004, and has become a regional financial hub, although it is facing increasing competition, including from a fellow emirate, Abu Dhabi, where the Abu Dhabi Global Market has been established on Al Maryah Island.