AMP Capital opens office in Dubai
AMP Capital has opened a new representative office in Dubai and has appointed Sudhanshu Garg as its new institutional director to be responsible for introducing AMP Capital’s real assets capabilities to clients across the Gulf Cooperation Council (GCC).
The move came after the company last week announced a major shift in its Australian equities business.
AMP Capital said that Middle East institutional investors were among the clients who contributed to its Infrastructure Debt Fund III, which was closed in August after exceeding its US$2.5 billion hard cap and attracted a further US$1.6 billion in commitments.
AMP Capital’s director, North West Region, Boe Pahari, said: “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.
“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.”
Garg has more than 23 years of experience in financial services and held senior management roles at ABN Amro in Dubai and later as a senior vice president at Royal Bank of Scotland where he was head of financial institutional business for the Middle East.
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