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Barings Opens Dubai Office, Appoints New Exec

Devina Shah

21 October 2010

Baring Asset Management has opened a representative office in Dubai in response to growing demand from clients based in the Middle East, naming Nisarg Trivedi as head of sales and business development, United Arab Emirates.

The firm was recently awarded a representative office licence by the Dubai International Financial Centre. Barings said that the opening of an office in the region is a “natural progression” for the firm.

“Now with the introduction of the new funds regime which permits DIFC-based fund managers to establish and manage funds in other jurisdictions, the centre will be even more attractive as an investment centre for both foreign and domestic fund managers," said Marwan Lutfi, deputy chief executive and head of business development at the DIFC Authority.

Trivedi joins from the Bank Muscat Asset Management sales team, where he was responsible for growing the firm's distribution network across both retail and institutional channels in Dubai. Previously he was manager of sales and distribution at HDFC Asset Management, responsible for sales of the HDFC Mutual Fund across the Middle East. Before that he was area sales manager for Franklin Templeton Investments, India. In his new role Trivedi reports to Rob Lay, head of Europe, MENA and alternatives.