MANAMA, Bahrain, July, 25, 2012 /PRNewswire-USNewswire/ -- PineBridge Investments, a global investment firm with $67 billion in assets has selected Bahrain to house its Middle East and North Africa regional headquarters.
The PineBridge Investments Middle East (PBIME) will be headed by Mumtalakat's former chief executive, Talal Al-Zain. According to the Bahrain Information Affairs Authority, Al-Zain commented on PineBridge's selection of Bahrain as the regional headquarters, saying, "With its strong and recognized regulatory environment, we believe that Bahrain is a good location to headquarter PBIME." Al-Zain continued, "We will also serve as a link between Asian and Middle Eastern investors to facilitate access between the two markets."
This announcement comes as several other large international corporations announce both launches of new Bahrain locations and the expansion of existing business. Bahrain has seen growth across industries in the last several months. This growth is expected to sustain through the next several quarters.
SOURCE Kingdom of Bahrain