ING IM Dubai builds investment team
The fund house is preparing to launch an Arabian markets equity fund in September, to be managed by CIO Farah Foustok and her team. It is targetting a total AUM of $1 billion for the whole firm by June 2009.
ING Investment Management Dubai, which officially opened its doors last month, is busy building its business in the Middle East and North Africa (Mena) region. High on the agenda is putting together an investment team, manufacturing products and looking out for investment opportunities.Grant Bailey is the CEO of ING IM Dubai, while Farah Foustok is CIO. Bailey, who moved to Dubai in October last year to help set up the Mena operations, was previously the CEO of ING IM Australia.Fousto…
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