DUBAI - MSCI Barra has opened a sales office in Dubai to cover the Middle East region.
To begin with, the office will be staffed by executive director Jim Leggate and vicepresident Richard Souri.
Adam Djanogly, managing director and head of EMEA coverage at the firm, commented: “The decision to open an office in the Middle East is a direct result of the growing demand for MSCI Barra’s range of innovative risk and index products.
“We have covered the Middle East for many years but have seen a significant increase in interest in our products over the last 18 months. The opening of an office in Dubai will enable us to provide our clients in the region with local support and the best possible service.”
MSCI Barra was the first international index provider to launch indices created for the Gulf Co-operation Council (GCC) countries. Barra’s multi-factor risk models for the Middle East and international markets have been used by clients in the region since the early 1990s.
In other news, Jose Menchero has been appointed senior researcher and executive director to focus on factor modeling at MSCI Barra's Berkeley, California, office.
He joins from Thomson Financial where he was head of quantitative research responsible for the construction of the Thomson Multi-factor Global Equity Risk Model.
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