French alternative asset manager Axa IM Alts is the latest firm to announce plans for an office opening in Abu Dhabi.
The premises in the Abu Dhabi Global Market will the firm’s first office in the Middle East.
Its activities will be focused on capital raising across Axa IM Alt’s private and alternative assets range.
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It has been granted financial services permission from the Financial Services Regulatory Authority to establish a category 4 license firm.
The office will be led by Ammar Bukhamsin, who has been appointed as co-head of the Mena client group. He will be joined by Francois Boissin, who will be based in Paris.
Axa IM Alts currently has around US$200 million in assets under management.