Allianz Global Investors has opened a regional office in Bahrain to serve the growing Middle East market.
The office will be headed by Sami Zghal, who has taken on the new role of chief representative and head of business development for the Middle East & North Africa. Zghal was previously based in the firm’s Paris office. Allianz has also launched two Shari’ah-compliant equity funds designed for investors in the region. The Allianz RCM Islamic Global Emerging Markets Equity fund and the Allianz RCM Islamic Global Equity Opportunities fund have been seeded with $50m apiece to ensure they reach critical mass quickly. The new funds are based on two strategies already offered by the firm: the All...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes