AXA IM Alts Expands with New Middle East Office in the UAE
French insurance company AXA IM Alts has taken a significant step in its global expansion strategy by opening its first Middle East office in the United Arab Emirates (UAE). This new office, located in Abu Dhabi, marks its 16th global office and represents a strategic move to enhance its presence in the Middle East.
A Strategic Expansion
AXA IM Alts, known for managing assets worth $200 billion on behalf of 600 clients worldwide, has appointed Ammar Bukhamsin, a Saudi Arabian national, as the senior executive officer of AXA IM Middle East. This office will primarily focus on raising capital across the company’s private and alternative assets range, further solidifying the firm’s commitment to the region.
The Importance of the Middle East
The opening of the UAE office underscores the strategic importance of the Middle East in its international growth plans. The company considers the Middle East a key partner for European investment and aims to foster closer relationships with its clients through a dedicated local presence.
Leadership and Vision
France Dard, global head of the client group, emphasized that the opening of the Abu Dhabi office is a natural progression in their strategy to grow their presence and accelerate business development in the region. With an impressive track record, Ammar Bukhamsin is expected to create long-term opportunities for AXA IM Alts in the Middle East.
Diverse Investment Portfolio
AXA IM Alts invests in a wide range of assets, including real estate, alternative credit, infrastructure, impact investment, and natural capital. This diverse portfolio highlights the firm’s ability to adapt and thrive in various investment environments, catering to the needs of its global client base.
A New Era for AXA IM Alts
The establishment of the Middle East office is not just a milestone for them but also a testament to the region’s growing importance in the global investment landscape. The UAE office is poised to play a crucial role in the company’s expansion, enabling them to tap into new opportunities and strengthen its market position.
The opening of AXA IM Alts’ first Middle East office in the UAE marks a significant milestone in the company’s expansion strategy. With a dedicated local presence, AXA IM Alts is well-positioned to leverage the strategic importance of the Middle East and create long-term opportunities for growth and development.
