US-based AllianceBernstein opens regional office in DIFC

US-based AllianceBernstein opens regional office in DIFC

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AllianceBernstein (AB), a US-based leading global investment firm, has been granted a Category 4 License 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 center in the Middle East, Africa, and South Asia (MEASA) region.

The firm has appointed Mr. Jean-Paul Hobeika, Managing Director, of Middle East Institutions, as the Senior Executive Officer. The move is part of AB’s strategic plan to expand and strengthen its presence in the Middle East. Hobeika, who joined AB in August 2022, will work closely with Eduard van Nes, Head of Intermediary Sales in the Middle East & Africa, who recently relocated to Dubai.

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.

William Van GijzenHead – CEMEA Institutions AllianceBernstein

“We are committed to our growth in the region, and this license allows us to launch