Lazard Asset Management sets up in Bahrain

The firm has managed mandates for Gulf region investors for several years but this is its first permanent physical presence in the Middle East. From the new office, Lazard Asset Management will provide asset management advice to clients located in Bahrain and the wider GCC, including both conventional and Shari’ah-compliant products and services. Edward Remington-Hobbs, director of client service & business development for the Middle East, will manage the Bahrain operation. He will report to Bill Smith, head of Lazard Asset Management's London office. Smith commented: “It has been our in...