"Barings" It opens an office in Abu Dhabi to strengthen its presence in the Middle East
ABU DHABI, 16 APRIL / WAM / Barings, one of the largest global alternative investment management companies, announced today the opening of its new office in Abu Dhabi, which will operate within Abu Dhabi Global Market “ADGM”.
This strategic expansion confirms Barings’ commitment to the Middle East, its confidence in the region’s long-term growth prospects and its flexibility and investment opportunities.
The opening of the Abu Dhabi office follows the launch of the Barings office in Dubai in 2024, which reflects the company’s endeavor to strengthen its relationships with institutional investors, sovereign wealth funds, and family offices throughout the Gulf region.
Mike Freneau, Chairman and CEO of Barings, said that the opening of the company’s office in Abu Dhabi confirms Barings’ commitment to the Middle East and its belief in the growth path in the region, and the local presence allows it to better serve its customers and work with them as partners to seize opportunities across the global credit markets.
For his part, Walid Zamel, Managing Director and Head of the Middle East Region in Barings’ Global Client Group, said that this expansion represents an important milestone in the company’s strategy to build a strong presence in the region, and renews its commitment to its trusted partners. Abu Dhabi is a major financial center and a fundamental pillar in Barings’ strategy for the Middle East, and opening a local office allows it to enhance communication with its clients and provide investment solutions specifically designed to meet their changing needs.
For his part, Arvind Ramamurthy, Head of Market Development Affairs at Abu Dhabi Global “ADGM”, said that the company’s decision reflects the continued interest of major international companies in choosing Abu Dhabi as a center for regional and international growth, and with a strong regulatory framework and close links to regional capital, Abu Dhabi Global “ADGM” continues to support asset and wealth managers as they expand their presence and take advantage of opportunities in the region and beyond.
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