Lord Abbett expands global presence selecting DIFC for first Middle East branch

Lord Abbett expands global presence selecting DIFC for first Middle East branch

- DIFC is the region’s largest Wealth and Asset Management hub with over 250 companies overseeing more than USD 450bn assets under management

- DIFC is the region’s preferred platform for firms to develop, distribute, manage and domicile all types of funds

- Lord Abbett has more than 50 years of experience in multi-sector credit investment and an impressive depth of analytical credit research within the firm

Dubai, UAE: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, today announced that Lord Abbett (Middle East) Limited, a leading asset manager has received approval from the DFSA to operate its first and only Middle East office.

The approval will enable Lord Abbett to bring its investment and client-led proposition to the Middle East investment community. Lord Abbett has more than 50 years of experience in multi-sector credit investment and an impressive depth of analytical credit research. The firm will use its DIFC presence to deliver relevant investment solutions and deepen relationships with regional asset owners.

Lord Abbett joins more than 250 leading wealth and asset managers at DIFC, the region’s largest Wealth and Asset Management hub. Collectively, these firms oversee more than USD 450 billion