AMP Capital builds UAE presence with new office and senior appointment
AMP Capital has opened a new representative office in Dubai and appointed an Institutional Director, Sudhanshu Garg, who will be responsible for introducing AMP Capital’s real assets capabilities to clients across the Gulf Cooperation Council (GCC).
AMP Capital CEO Adam Tindall; Boe Pahari, Director, North West Region at AMP Capital; Andrew Jones, AMP Capital Global Head of Infrastructure Debt; and Garg officially opened the new office at a launch event in Dubai attended by clients and prospective investors.
The office is located within the Dubai International Financial Centre Authority (DIFC), the financial services hub for the Middle East, which offers companies unparalleled access to the broader region.
Pahari says: “As AMP Capital continues its global expansion strategy, it makes sense to have an on-the-ground presence in Dubai, which is the gateway to the Middle East and a potential high-growth market for us.
“AMP Capital has built strong relationships with clients in the GCC over many years and the appointment of Sudhanshu, with his strong financial services experience and excellent local networks, provides us the opportunity to further cement our presence in this important and fast-growing region.”
Middle East institutional investors were among the clients who committed money to AMP Capital’s Infrastructure Debt Fund III, which reached final close in August 2017 after exceeding its US$2.5 billion hard cap and attracting a further US $1.6 billion in commitments. The fundraise is believed to be one of the largest in the world for an infrastructure debt strategy.
Garg has more than 23 years’ experience across a broad range of banking and financial services roles. He has held senior management roles at ABN Amro in Dubai and later as a Senior Vice President at Royal Bank of Scotland where he was Head of Financial Institutional business for the Middle East. Most recently he was managing a consultancy business in Dubai where he was instrumental in advising on various investment product development, product structuring and managing key external relationships on behalf of the business.