AMP Capital has opened a new office in Dubai as part the introduction of its real assets capabilities to clients across the Gulf Cooperation Council (GCC).
AMP has appointed institutional director Sudhanshu Garg to head the new office, located within the Dubai International Financial Centre Authority (DIFC).
He brings over 23 years experience and has held senior management roles with ABN Amro and Royal Bank of Scotland.
“As AMP Capital continues its global expansion strategy, it makes sense to have an on-the-ground presence in Dubai, which is the gateway to the Middle East and a potential high-growth market for us,” director Boe Pahari said.
“AMP Capital has built strong relationships with clients in the GCC over many years and the appointment of Sudhanshu, with his strong financial services experience and excellent local networks, provides us the opportunity to further cement our presence in this important and fast-growing region,” Pahari said.
Middle East institutional investors were among the clients who committed money to AMP Capital’s Infrastructure Debt Fund III, which reached final close in August 2017 after exceeding its US$2.5 billion hard cap and attracting a further US $1.6 billion in commitments. The fundraiser is believed to be one of the largest in the world for an infrastructure debt strategy.
Australian Property Journal
