New Office to Serve Sovereign and Institutional Clients in the Middle East
TCW Group, Inc., a global asset manager and investment management leader, is expanding into the Middle East with an office opening in Dubai, United Arab Emirates. This represents one of the significant steps within the company’s global growth strategy to further its presence and support in the Middle East. The new office is located within the Dubai International Financial Centre and is designed to serve the investment needs of the region’s Sovereign and Institutional clients.
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Smoothening Relations with the Middle East
TCW has been serving clients in the Middle East, which include various Sovereign Wealth Funds and other large institutional investors, for more than four decades. The company has seen interest in its investment capabilities across different asset classes, from public to private markets, remain intact.
Katie Koch, TCW’s president and chief executive officer, emphasised the company’s growing relationships in the region. “As TCW’s Middle East client relationships continue to grow and deepen, it is important that we have a local presence to serve and partner with our clients to deliver best-in-class investment solutions that meet their objectives,” she said.
Leadership and Expansion Strategy
As part of the expansion, TCW has appointed Wael Younan to lead the new office in Dubai. Younan moves from New York and reports jointly with Peter Moore, co-head of TCW’s Sovereign Wealth Group based in Los Angeles. Younan and Moore will take mutual responsibility for continuing to expand TCW’s client relationships with the SWFs of the Middle East and worldwide.
The opening of the DIFC office represents TCW’s first physical presence in the Middle East and supports the firm’s commitment to the region. The investment firm will continue with increasing the scope of its operations over time as part of being able to duly serve a growing client base.
About The TCW Group
Having been in the industry for over 50 years, TCW is considered one of the world’s premier asset management firms with an investment product range that spans fixed income, alternative investments, equities, and emerging markets. In all, today, the firm manages a total of US$200 billion in client assets.
The company operates via its ETFs, TCW MetWest Funds and TCW Funds, one of the largest fund complexes in the United States. The wide client base of TCW includes some of the world’s largest corporate and public pension plans, financial institutions, endowments, foundations, financial advisors, and high-net-worth individuals.
The opening of the new Dubai office is a strategic move, reflecting TCW’s commitment to the deepening of its relationships in the Middle East and offering tailored investment solutions that can best meet the peculiar needs of its clients in the region. As TCW continues its expansion across the world, delivering excellent service and investment expertise remains at the forefront of its mission.
