Former Chief Executive Officer of Mumtalakat, Talal Al-Zain, will head PineBridge Investments Middle East (PBIME). The Central Bank of Bahrain provided PBIME’s license of operation to cover MENA and Turkey; they currently have offices in Dubai and Istanbul.
“With its strong and recognized regulatory environment, we believe that Bahrain is a good location to headquarter PBIME,” Al-Zain, said. “We will also serve as a link between Asian and Middle Eastern investors to facilitate access between the two markets,” he added.