Notz, Stucki & Cie SA, the Geneva-based asset management firm with USD7.5 billion of assets under management, has selected Bahrain as the location for its regional office for the Middle East.
Notz Stuki’s decision to locate in Bahrain follows moves in 2011 by a number of leading international financial services firms, including AMP Capital Investors, Deloitte Corporate Finance and Canara Bank, to open offices in the Kingdom.
Shaikh Mohammed bin Essa Al-Khalifa, Chief Executive of the Bahrain Economic Development Board (EDB) says: “We welcome Notz Stuki’s decision to set up its regional office in Bahrain. A thriving financial sector is a vital part of creating a fully diversified economy and we are very pleased that Notz Stuki will be bringing its expertise and investment to the Kingdom.”
Maria-Sofia Kourti, General Manager of Notz Stucki Asset Managers, says: “Notz Stucki’s origins go back to 1964; we have a long and distinguished record of managing money and finding the best managers to invest with. Our pedigree has been around in both excellent and challenging market cycles.
“Similarly, the Kingdom of Bahrain has a long history of hosting financial services institutions in the region in all economic environments. The Kingdom has positioned itself as the financial hub in the region with excellent infrastructure and a superior regulatory system that investors increasingly demand, all of which made choosing the Kingdom the logical venue for Notz Stucki to locate a regional office.
“Further, the Economic Development Board has provided tremendous support in this process. We are looking forward to a long and fruitful relationship with the Kingdom, and very much look forward to continuing to work with investors in the region.”