The Central Bank of Bahrain has granted a license to Lazard Asset Management to establish a representative office in Bahrain. Lazard Asset Management provides investment management and advisory services.
Lazard Asset Management will provide asset management advice to clients located in Bahrain and the wider GCC, including both conventional and Sharia-compliant products and services.
The representative office in Bahrain will be managed by Lazard Asset Management's director of client service and business development for the Middle East, Edward Remington-Hobbs. He will report to Bill Smith, head of Lazard Asset Management's London office.
The
license was formally ratified at a meeting in Manama hosted by Economic Development Board of Bahrain ceo Shaikh Mohammed bin Essa Al Khalifa, and attended by Smith, Remington-Hobbs and CBB Governor Rasheed Al Maraj, director of financial institutions
Mohammed Ayman Al Tajer and director of licensing Ahmed Bassam.
The EDB has played an active role in facilitating the establishment of Lazard Asset Management's presence in the Kingdom.
