Precy Dumlao, Opalesque Asia:
The $6.7bn alternative asset management firm Napier Park Global has expanded its operations into the UAE with the opening of its new office at the Dubai International Financial Centre. With the new office, Napier now has presence in New York, London and Dubai.
"Expanding our asset management business into the UAE is an important next step to growing our global platform," said Jim OíBrien, co-managing partner of Napier Park Global Capital. "We are excited to now be able to offer Napier Parkís innovative credit products to sophisticated investors in the MENA region. We are also very pleased to be working with Saad [Ashraf] once more. His experience and deep relationships in the region will be a tremendous asset to our firm and clients alike."
The firm received official approval to launch the office from the Dubai International Financial Centre Authority on September 15, 2013.
Ashraf, an investment professional with more than 17 experience in the MENA region, will be heading the Dubai International Financial Centre office as managing director. Prior to joining Napier Park, Ashraf held senior roles at Citi Capital Advisors, Goldman Sachs, Merrill Lynch and Citi Global Markets in fundraising and securities businesses in Dubai and London.
"We are pleased to welcome Napier to DIFCís growing community and believe that their presence will contribute to the diversification o......................
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