MIDDLE EAST - AXA Investment Managers is preparing to open a new office in Doha, Qatar, to capitalise on the region's growing institutional market.
Having filed an application for a financial services licence with the new Qatar Financial Centre, the firm hopes to open the office within the first half of 2006, to be managed by Scott Callander, director, Middle East Institutional Advisory.
It will form a platform for the future development of AXA IM’s Middle Eastern business.
Nicolas Moreau (pictured), chief executive officer, AXA Investment Managers, said: “It is opportune for AXA Investment Managers to establish physical presence in the Middle East as the number of institutional clients in the region continues to grow. AXA Investment Managers sees the Gulf as core to developing its business in the future.”
The AXA Group, with AXA GULF (Insurance), have existing offices in the Kingdom of Bahrain, The Sultanate of Oman, the U.A.E and the Kingdom of Saudi Arabia.
By Lisa Haines
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