A new trade association has been launched in Abu Dhabi dedicated for investment management professionals.
The membership-based Middle East Investment Management Association (MEIMA) will serve as a platform to “support, champion and advance the growth and development of the asset management industry in the region,” it said a statement.
“MEIMA has been founded with a vision to create a bigger investment marketplace across the MENA region, to improve liquidity, to make it easier to invest region wide and to bring industry professionals together,” David Rothon, the group’s chairman, said.
He added: “This association will become a focus point for the investment industry, driving best practice, raising levels of service and execution, and working together to improve the regional environment for asset management.”
The new group, which is registered at the Abu Dhabi Global Market, will also be open to lawyers, advisers, and wealth managers, it said.
The group aims to engage with regulators “to drive a competitive and compliant regional asset management operating environment.” It also aims to assist international members to set up in the region.
The launch comes as Abu Dhabi further attracts investors, as part of the UAE’s wider campaign to modernise its economy away from oil dependence.
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