PGI names new head of funds distribution for Middle East
27 June 2013
News, Middle East
By Asia Asset Management
Principal Global Investors (PGI) has appointed Gaurav Kumar as head of funds distribution for the Middle East. He will be based in the firm’s Dubai office.
In his new role, Mr. Kumar is responsible for developing and strengthening PGIs’ relationships with key intermediaries, including IFAs, fund selectors and key investment platforms, across asset classes and geographies in the Middle East. He will report to the firm’s chief executive for Asia and the Middle East, Andrea Muller and Wassim Nasrallah, managing director and head of the Middle East.
Mr. Nasrallah said: “Middle Eastern institutional and high net worth investors face the same challenges as many investors around the globe namely, the search for yield, income and the avoidance of large performance draw downs. Gaurav will be well positioned to help meet these needs, with specialist funds such as preferred securities, traditional, short and intermediate-term high yield and global property securities.”
Mr. Kumar has more than 15 years’ experience in financial services, having started his career with M&G Investments in London. Prior to joining PGI, he was a partner at Al Masah Capital Limited, a boutique alternative investment company focused on the MENA region, where he was responsible for the strategic expansion of the business, both geographically and across its different business lines.
Starting in 2002, Mr. Kumar spent more than ten years with the Prudential Group, during which time he worked as head of product and international business for Prudential ICICI, based in India, and head of portfolio management for Asia, based in Singapore. He also acted as chief executive officer and a member of the board of directors for Eastspring Investments Limited (formerly known as Prudential Asset Management Limited) in Dubai, where he was responsible for setting up and managing Prudential’s funds activities across the Middle East.
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