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Investing.com -- BlackRock will establish a new office in Kuwait as part of its expansion strategy in the Gulf region, according to a Monday report from Kuwaiti state news agency KUNA.
The world’s largest asset manager has reportedly appointed Ali AlQadhi to lead operations in Kuwait. AlQadhi will maintain his current position heading BlackRock’s client business for both Kuwait and Qatar while taking on this new role.
Last week, Kuwait’s Capital Markets Authority granted an investment adviser license to BlackRock Advisors (UK) Ltd, a unit of the U.S. asset manager.
The new Kuwait office will include teams focused on customer service, financial advisory, and BlackRock’s Aladdin technology platform, KUNA reported.
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