PineBridge Investments, a leading global investment house with over $67 billion of managed assets, has selected Bahrain as its regional headquarters. The firm, which has hubs in New York and Hong Kong, as well as offices in over 20 countries, will be the gateway to business in the Middle East and North Africa (MENA).
Former Chief Executive Officer of Mumtalakat, Talal Al-Zain, will head PineBridge Investments Middle East (PBIME). The Central Bank of Bahrain provided PBIME’s license of operation to cover MENA and Turkey; they currently have offices in Dubai and Istanbul.
“With its strong and recognized regulatory environment, we believe that Bahrain is a good location to headquarter PBIME,” Al-Zain, said. “We will also serve as a link between Asian and Middle Eastern investors to facilitate access between the two markets,” he added.