Alternative asset manager Sagard Holdings is opening an office in the United Arab Emirates’ capital of Abu Dhabi, the latest international investment firm to set up in the oil-rich Gulf.
The Canadian firm’s first regional outpost is in Abu Dhabi Global Market — the city’s main financial center — which is vying with hubs in neighboring Dubai and Saudi Arabia to become the region’s preferred destination for foreign money flows. It will be led by former Bank of Montreal executive Firas Mallah.
Source : Bloomberg
