US investment advisor Lord Abbett sets up first Middle East base in Dubai’s DIFC – Arabian Business

US investment advisor Lord Abbett sets up first Middle East base in Dubai’s DIFC – Arabian Business

US-based investment banking firm Lord Abbet has opened its first Middle East office in Dubai International Financial Centre (DIFC), which will serve as its regional hub.

The move follows the Dubai Financial Services Authority’s (DFSA) approval of the American firm to operate as an asset manager.

“We are delighted to launch our MEA business within DIFC. This strategic hub will allow us to serve our regional client base even better by operating closer to them, while also bringing the full breadth of Lord Abbett’s investment capabilities to the Middle East market,” commented James Savastano, Senior Executive Officer and Head of MEA at Lord Abbett.