She announced BlackRock, the world's largest asset management company, has announced the appointment of Mohammed Al Fahim as Managing Director and Head of the company in the UAE. This underlines the company's commitment to growing its operations and providing various investment solutions in the region.
Al Fahim's role includes leading clients' businesses in the UAE, Oman and Bahrain, with a focus on private markets investments. This strengthens the company's growing capabilities in private markets investments and provides a comprehensive platform of investment solutions for clients in the region.
BlackRock was founded in 1988 in New York. Today, it has more than $10 trillion in assets, 70 offices in 30 countries, and clients in 100 countries.
Mohammed Al Fahim is considered one of the prominent figures in the UAE financial sector, as he has extensive experience in asset management and banking services.
Before joining "black rockMohammed Al Fahim has held several important leadership positions in the region. He worked at Goldman Sachs, where he founded and led the bank's branch in the Abu Dhabi Global Market. He managed Goldman Sachs' asset management business in the United Arab Emirates.
He also worked for six years at Mubadala Investment Company, which gave him extensive experience and in-depth knowledge of regional financial markets.
In early May, BlackRock announced its intention to launch A new investment platform in Saudi Arabia. Backed by up to $5 billion from the Saudi sovereign wealth fund known as the Public Investment Fund.
BlackRock and the Public Investment Fund said at the time that they had signed a memorandum of understanding under which BlackRock would establish a multi-asset investment platform based in Riyadh. Supported by an initial cash injection from the Public Investment Fund, provided certain agreed milestones are achieved.
They added that the platform would accelerate the growth of capital markets in Saudi Arabia, while a Riyadh-based investment team seeks to raise additional funds locally and abroad.
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