PineBridge, an investment management firm with US$67.3bn in assets, has appointed former Bahrain sovereign wealth fund chief Talal Al Zain as its new head of MENA. Al Zain’s recruitment marks the start of the launch of PineBridge’s full service operations in the region. At present, the company only has a distribution office in Dubai and a private equity office in Turkey. He will also serve on PineBridge’s executive committee and take up the role of co-head of alternative investments. Until last month, Al Zain had been CEO of Bahrain’s US$9bn sovereign wealth fund Mumtalakat. Al Zain apparently resigned from that role over differences in strategy with Mumtalakat’s board and disappointment in the fund’s lack of deal-making as it focused on reviving loss-making domestic assets. He was said to be particularly exasperated at Mumtalakat’s focus on housekeeping at indebted Bahrain national carrier Gulf Air, which is owned by the fund. “Talal’s background and expertise speak to PineBridge’s strengths, namely, a solid investment track record grounded on deep knowledge, aligned with global capability and best practice,” commented David Jiang, CEO of PineBridge, announcing Al Zain’s appointment.
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: RajoyMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor