NEWS

ADIC opens up MENA for big German bank

Nazem Al KudsiThe Abu Dhabi Investment Company (ADIC) has become an investment advisor to Germany’s second largest private bank, BHF-BANK.

The asset management business of ADIC will advise the investment company of the German
bank, Frankfurt-Trust (FT), and the company’s US dollar-denominated and non-US dollar-denominated FT Emerging Arabia funds.

In a statement, BHF-BANK said FT would benefit from ADIC providing recommendations on country, sector and securities.

Nazem Al Kudsi, chief executive of ADIC, said investors with a global perspective were interested in the Middle East and North Africa markets but previously were unable to access the region.

ADIC’s asset management business provides equities funds, discrete portfolios and sub-advisory services. The company’s other core investment specialties are private equity, infrastructure and real estate.

Bjoern Robens, member of the BHF-BANK board of managing directors, said the partnership would greatly expand the investment universe for the bank’s clients

ADIC is owned by the Abu Dhabi Investment Council. It was established in 1977 and was the first asset management company incorporated in the United Arab Emirates.

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