Australia’s AMP Capital opens its GCC office in Manama

AMP Capital, one of Australia’s leading specialist investment managers, officially opened its new office in Manama, Bahrain under the patronage of Rasheed Mohammed Al Maraj, Governor, Central Bank of Bahrain. This follows AMP Capital being awarded a representative office license by the Central Bank of Bahrain earlier this year.

A specialist investment manager with more than 250 investment professionals, over $94 billion in funds under management and a carefully selected global network of investment partners, AMP Capital offers significant depth and breadth of investment expertise. AMP Capital is a wholly owned subsidiary of AMP Limited. Established in 1849, AMP has significant experience in providing financial services, and is one of Australia’s largest retail and corporate pension providers.

“We are very pleased to establish our representative office in the Kingdom of Bahrain. The Gulf Cooperation Council (GCC) is an important region for AMP Capital to operate in, having existing clients across the region, including in Bahrain, for the last 10 years,” AMP Capital Chief Executive – International, Anthony Fasso said.

“AMP Capital is one of the most experienced global infrastructure and real estate managers with expertise across Asia, Europe, North America, Australia and New Zealand. We look forward to sharing our compelling investment opportunities with clients in the region.”

“Demand has been strong from investors looking to invest in asset classes where AMP Capital has specific capabilities, such as Australian real estate and regional and global infrastructure. There is specific interest in Australian asset classes due to the relative robust performance of the economy, the commodity story and a way to benefit from the Asian growth story.

“By basing our operations in Bahrain we can benefit from a proven regulatory framework with a track record of facilitating business operations, as well as excellent connectivity into the wider GCC,” Fasso added.

“We welcome AMP Capital to the Kingdom of Bahrain. We look forward to supporting their growth in the region as it becomes a part of their 160 year history. They are an asset to our developing platform of global businesses and we look forward to working with them as they grow their business in the region,” Chief Executive of the Bahrain Economic Development Board Sheikh Mohammed Bin Essa Al-Khalifa said.