Waystone, a leading provider of specialist services to the global asset management industry, including admin services for hedge funds, private equity funds, and other alternative investment vehicles, has appointed Nigel Pasea as Country Head of Middle East.
With over four decades of finance, governance, risk and compliance experience, Pasea, who joined Waystone Group in 2021 as part of the acquisition of CCL Compliance, has spent 18 years living and working in the region, and has been spearheading the company’s compliance solutions business in the UAE, delivering significant growth.
In recent years, the Middle East has seen a marked increase in the number of international institutions looking to establish in the region, driven by evolving regulation and proximity to capital pools.
In a press statement, Pervaiz Panjwani, Chief Product Officer, said: “As asset managers look to expand in the Middle East, we’re looking to build a multidisciplinary and experienced team to service that growth. Nigel’s impressive track record and extensive local relationships ensure he is perfectly placed to lead that charge and I have no doubt he’ll deliver on the next phase of Waystone’s Middle Eastern growth journey.”
Waystone currently employs 45 people in the UAE, with plans to expand its operations in the Middle East in 2025.
