ING sets up Mena asset management business
ING Investment Management will launch its first Mena equities fund in the third quarter of 2008 and expects more than half of its commitments to come from global institutional investors.
ING Group has set up a dedicated investment management business in Dubai, making it the first global financial institution to do so.ING Investment Management will produce and export locally developed Middle East and North Africa (Mena) investment vehicles from its base in Dubai for investors globally and will offer a wide range of products to regional investors. ING Investment Management is the specialist investment arm of ING Group, with more than Ç600 billion in assets under managem…
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