UAE Business: Lord Abbett selects DIFC for first Middle East branch – Gulf Digital News

UAE Business: Lord Abbett selects DIFC for first Middle East branch – Gulf Digital News

Dubai International Financial Centre (DIFC), a leading global financial centre, has announced that Lord Abbett (Middle East) Limited, a leading asset manager, has received approval from DFSA to operate its first 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 $450 billion of assets under management and over 100 significant domiciled funds.

Strategic position

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 common law system, combined with a robust and dynamic regulatory environment, DIFC provides an attractive jurisdiction for wealth and asset