Global asset manager PineBridge Investments has ramped up its presence in the Middle East by hiring former Bahrain sovereign wealth fund chief executive Talal Al Zain as chief executive for the Middle East and North African (MENA) region.
Al Zain led the Bahrain Mumtalakat Holding Company, which is the investment arm of the Kingdom of Bahrain.
"His appointment marks the launch of PineBridge's full service operations in MENA, which will see the establishment of new regional headquarters," the firm said.
In addition to managing PineBridge's regional operations, Al Zain will serve on PineBridge's executive committee. He will also be co-head of alternative investments, assuming joint management responsibility for the firm's private equity, hedge fund and other alternative investment businesses globally with head of investments Hans Danielsson.
His appointment comes shortly after PineBridge appointed a new chief executive for the firm.
Last month, it appointed former BNY Mellon Asia-Pacific chief executive David Jiang as its new head.
PineBridge is the former funds management arm of American International Group. The division was acquired by Hong Kong-based investment company Pacific Century Group in March 2010.
PineBridge Investments manages more than US$67 billion globally. It has an office in Melbourne from which it services institutional investors and superannuation funds.
