AllianceBernstein expands presence in Middle East through Dubai International Financial Centre

AllianceBernstein expands presence in Middle East through Dubai International Financial Centre

DUBAI, 4th July, 2023 (WAM) -- AllianceBernstein L.P. (AB), a leading global investment firm with nearly US$700 billion in assets under management, today announced that it has been granted a Category 4 Licence from the Dubai Financial Services Authority (DFSA), the independent regulator of financial services conducted in or from Dubai International Financial Centre (DIFC).

AB is the latest of an influx of global asset management firms to open regional offices in DIFC, the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region.

The new premises will give investors across the region, including institutional clients, distribution partners and family offices, increased access to AB’s asset management services. The firm's team of experienced professionals will work closely with clients to provide investment solutions that meet their unique financial needs.

Willem van Gijzen, Head of CEMEA Institutions at AllianceBernstein, said, “We are committed to our growth in the region, and this licence allows us to launch into our next phase. The Middle East has been an important region for AB for a number of years. By opening an office in DIFC, we can move into our next phase, as it will allow us to improve our ability to