Jupiter signs deal with Emirates NBD

Dubai1Jupiter Asset Management will be the delegate investment adviser for a range of funds offered by Emirates NBD Asset Management, the fund management division of Dubai's largest bank.

Jupiter, which is based London, will also be the delegate investment manager for the Emirates Global Quarterly Income Fund, which is being launched under Emirates NBD's Luxembourg Sicav.

“Expansion and global outreach is an important aspect of today’s connected world and we are pleased to partner with one of the leading asset management firms in the GCC [Gulf Co-operation Council] to enhance their fund offering,” says Kevin Scott, executive director international at Jupiter Asset Management.

In a recent interview with Funds Global MENA, David Marshall, senior executive officer at the Dubai asset manager, explained that his firm was aiming to expand internationally and compete with global asset managers, as well as local rivals based in Dubai or Abu Dhabi.

Emirates NBD Asset Management has already formed relationships with insurance providers such as Zurich International, MetLife, Royal Skandia and Friends Provident International as part of its bid to increase international inflows.

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