Lord Abbett sets up base at Dubai’s DIFC

Lord Abbett sets up base at Dubai’s DIFC

Local News, News















Dubai / WAM

Dubai International Financial Centre (DIFC) on Monday announced that Lord Abbett (Middle East) Limited, a leading asset manager, has received approval from the Dubai Financial Services Authority (DFSA) to operate its first and only Middle East office.

The approval will enable the company 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 company 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 US$450 billion of assets under management and over 100 significant domiciled funds.

DIFC’s strategic position helps wealth and asset managers access emerging wealth across the fast-growing markets across the Middle East, Asia and South Africa region. The Centre provides wealth and asset managers with direct access to institutional and high-net-worth individuals seeking conventional and alternative investment products. With an independent and internationally recognised