AllianceBernstein appoints Middle East MD

US fund manager AllianceBernstein has named former Northern Trust executive Jean-Paul Hobeika as its managing director for Middle East Africa institutions.

The new appointee will be responsible for overseeing the firm’s relationships with institutional investors as well as working with clients on investment strategy, asset allocation and knowledge sharing.

Based in Dubai, he will report to Willem van Gijzen, director of Cemea institutions.              

Hobeika has more than 20 years of experience in the asset management market, much of it spent in the Middle East.

He was most recently head of Middle East for asset servicer Northern Trust. He has also worked with French fund managers Candriam and Lyxor Asset Management.

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