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Majid Al Futtaim Group launches asset management business

The Majid Al Futtaim Group, a Middle East-based family-owned business, is offering the services of its financial management experts to institutional and professional investors with the launch of Majid Al Futtaim Asset Management.

The new entity enables external investors to benefit from the collective experience of a fund management team through the Majid Al Futtaim family office.

“For the first time, professional and institutional investors looking for new investment opportunities in both challenging and favourable climates will be able to capitalize on the expertise of Majid Al Futtaim Asset Management’s team of fund managers, who have been tried and tested by one of the region’s most demanding family business groups,” said Iyad Malas, CEO of Majid Al Futtaim Asset Management.

“This new financial management organisation builds upon the reputation of one of the region’s preeminent family offices, whose fund managers have delivered a strong relative performance,” he added.

Majid Al Futtaim Asset Management provides discretionary and non-discretionary asset management services in two broad areas: mandates and funds invested in the Middle East and North Africa (MENA) region; and globally diversified mandates.

Majid Al Futtaim, founder and president of the Majid Al Futtaim Group, opened his first shopping mall in 1995 and has since created a business that had revenues of $3 billion in 2007.

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