News

Invesco names Africa managing director

Gwendolyn SmithUS fund manager, Invesco, has appointed Gwendolyn Ansah Smith as managing director for Africa.  In the newly created role, Smith will be responsible for developing and managing the firm’s Africa business. She will report to head of Middle East and Africa Zainab Kufaishi.  The continent’s investment market is growing, fuelled by demographic shifts that have led to increased urbanisation and a burgeoning middle-class. Smith will be expected to help Invesco develop investment products and provide international investors with greater access to the region.  Prior to her recent appointment, Smith was managing director of Invesco’s global institutional division.  "We see a significant opportunity to expand our market presence in Africa given the encouraging demographics and maturing capital markets and we are looking forward to deepening our commitment to clients both in the continent and globally,” said Kufaishi.  "Not only does Africa have the potential to become the world's breadbasket it could also be its factory,” added Paul Jackson, global head of asset allocation research at Invesco. “Given the population shrinkage expected in other parts of the world, a choice will have to be made: either capital moves to where the workers are (Africa) or the workers will come to where the capital is. We believe Africa will be the investment story of the 21st century.” © 2021 funds global mena

Sponsored Profiles

There’s no doubt that Africa has been seen increasingly as an attractive prospect for inbound investment in recent years, with investors seeing real potential in the continent, particularly in the private equity, infrastructure and real estate asset classes, as it experiences strong economic growth.

Plausible explanations exist for why low-volatility stocks perform better than their high-volatility counterparts.

Aberdeen Asset Management has set up its first Middle East office in the newly established Abu Dhabi Global Market. Andrew Paul, senior executive officer, explains why.

A recent sovereign bond issue from Saudi Arabia underlines the appeal of emerging market investing. What must investors consider when allocating to this asset class? Firas Mallah of BMO Global Asset Management shares his views.

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

INTERVIEW: Protecting the investment

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

EXECUTIVE INTERVIEW: A natural interest in the topic

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.

Roundtables

Middle East Investor Roundtable 2020: Dimensions of diversification

Investors in the Middle East consider the tools that will be needed to navigate the Covid-19 crisis, the continued appetite for dividend and why it’s all about tech. Chaired by Romil Patel.

South Africa asset management roundtable: Global rebound on ice

Experts discuss the investment implications of the coronavirus pandemic, a delayed rebound in global growth and dealing with South Africa’s energy issues head on. Chaired by Romil Patel in Cape Town.

South African roundtable: Taking the bull by the horns

Our panel discusses Chinese investment in Africa, financial institutions’ contribution to economic sustainability and regulatory concerns. Chaired by Romil Patel in Cape Town.

ROUNDTABLE: Hooked to the global caravan

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.