Gilles Rollet, Chief Executive Officer of Mirabaud (Middle East) Limited, forecasted increased foreign investment being made in regionally based structured products and funds in the near future. The outlook came as part of a speech made at this year’s Structured Products Middle East conference, held this week in Dubai.
Rollet said: “Investors from outside the Gulf region are looking for investment vehicles with healthy returns that are based in stable environments. Structured products based in the Gulf, particularly hedge funds, are the perfect example. Bahrain leads the region with 57 funds worth around US$2.6 billion, and Dubai is determined to establish a competent global hedge fund centre.”
Rollet went on to describe the regulatory moves cities in the Gulf have made in order to create healthy financial environments suitable to the creation of hedge funds. Dubai’s creation of its Hedge Fund Code, Bahrain’s introduction of its Collective Investment Scheme Regulations and Qatar’s launch of its Qatar Financial Centre were seen as the most prominent examples.
Rollet added: “We are seeing very significant investment groups, opening offices here. Foreign institutional investment is looking for world-class opportunities, and they are finding them here.”
ABOUT MIRABAUD
Mirabaud & Cie, banquiers privés, was founded in Geneva in 1819. Originally a bank operating solely in Switzerland, Mirabaud has since developed its brand on three continents. As a wealth and asset manager for international clients, Mirabaud offers tailor-made services in private banking, institutional asset management and fund management, and has more than 30 years’ experience in alternative investment management, brokerage and custody. The bank, which has nearly US$25 billion of assets under management, employs more than 400 staff worldwide, with offices in Geneva, Zurich, Basel, Paris, Monaco, London, Montreal, Nassau, Hong Kong and now Dubai. For more information please visit www.mirabaud.com
