MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

Middle East & North Africa
Industry Perspective
Farah Foustok – Chief Executive Officer
ING Investment Management Middle East
Chairman – Financial Services
Association UAE
Q/ Please describe your firm’s
activities in the GCC region asset
management industry - a) Description of
parent company b) History c) Size:
funds/portfolios d) Organizational set-up
e) Investor profile
A/ a) ING Investment Management (ING
IM) is a global asset manager with
approximately EUR293.2 bn (USD369.2 bn)
in assets managed for institutions and
individual investors worldwide. As the
principal asset manager of ING Group, a
global financial institution of Dutch origin, ING IM employs over 2,800 staff and is active
in 25 countries across Europe, America, Asia and the Middle East. ING IM applies its
proprietary research and analysis, global resources and risk management to offer a wide
variety of strategies, investment vehicles and advisory services in all major asset classes
and investment styles. In Europe and the Middle East, ING IM has offices in 15 countries
and has Assets under Management of approximately EUR155.9 bn (USD196.3 bn) 3
b) ING is the first Global Asset Manager firm to set up local managed investment
strategies in the Middle East (2007) and cater for the growing global interest in this part
of the world. ING Investment Management manages a strong MENA (Middle East &
North Africa) equity strategy that is on top in peer group rankings.
c) The MENA strategy manages in excess of USD300 million out of which the
mutual fund accounts for USD41.21 million
3
Figures as of 30 June 2012. The financial results of the Asian Investment Management
(IM) business are now included under ‘net result from discontinued operations’. In order
to align with the reported results of the ‘ongoing’ operations, the total Assets under
Management are reported excluding Asia.
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