Lord Abbett picks DIFC for first Middle East branch

DFSA has given Lord Abbett (Middle East) Limited permission to run its first Middle Eastern office, according to Dubai International Financial Centre (DIFC), a significant global financial hub.

With the approval, Lord Abbett will be able to introduce its client-driven investment proposal to the Middle Eastern investment community. Lord Abbett has an exceptional breadth of analytic credit research and more than 50 years of experience in multi-sector credit investment.

The company will make use of its presence in the DIFC to provide pertinent investment solutions and strengthen partnerships with local asset owners.

At DIFC, the leading centre for wealth and asset management in the area, Lord Abbett joins more than 250 elite wealth and asset managers. These companies collectively manage more than $450 billion in assets under management and more than 100 sizeable domiciled funds.