Credit Suisse Asset Management (CSAM) has formed a strategic partnership with The National Investor (TNI) to develop asset management services in the United Arab Emirates.
Initially the two organisations will target institutional investors ' insurance companies, banks and family office ' but at a later stage, if the demand exists, they will extend the services to retail investors.
'We have used commingled structures should we wish to extend our services to the retail and high net work market,' said Simon Boote, CSAM managing director. Commingled structures are like pooled funds. 'This is not the same as saying we are managing money in retail. Although this is possible in future.'
Of the two organisations, TNI holds the licence to provide investment management services in the region.
Apart from acting as distributor for CSAM's existing funds, CSAM will also provide TNI with training and asset management and research services as well as jointly creating new product ranges.
'Right thing to do'
£69m spent on upgrades
European fintech market 'underserved'