AllianceBernstein opens Dubai office

US-based asset manager AllianceBernstein (AB) has expanded its presence in the Middle East by opening an office in Dubai.

The firm, which has US$665 billion in assets under management, has received a category 4 licence from the Dubai Financial Services Authority and will base its office in the Dubai International Finance Centre.

It will be led by managing director of Middle East institutions Jean-Paul Hobeika, who has been appointed as senior executive officer.

He will be supported by Eduard van Nes, head of intermediary sales, Middle East & Africa.

“The Middle East has been an important region for AB for a number of years,” said head of CEMEA institutions Willem van Gijzen.

“By opening an office in DIFC, we can move into our next phase as it will allow us to improve our ability to serve clients through proximity as well as capturing important market opportunities.”

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