The Central Bank of Bahrain (CBB) has granted a license to Pioneer Global Investments, a global firm involved in investment business.
The firm is wholly owned by Pioneer Global Asset Management SPA, the asset management arm of UniCredito Italiano Banking Group, the second largest bank in Italy and ranked 47 internationally. Through Pioneer Investments, the Bahrain operation will be UniCredito’s first venture in the region.
Pioneer Investments is a global investment management firm with over US$278bn in assets under management. The group, with offices in 22 countries around the world, offers a range of investment solutions, including mutual funds, alternative investments, and structured products.
The Bahrain office of Pioneer Investments will explore business opportunities in the Middle East region. It will also provide Pioneer Group clients and potential clients with the group’s core investment services and products. The firm will target institutional investors as well as high net worth individuals.
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