DUBAI, UAE: Verition Fund Management (Verition), an investment firm, is expanding its global presence with its latest office opening in Dubai International Financial Center (DIFC).
Verition, a multi-strategy, multi-manager investor adviser headquartered in Connecticut, US, has been licensed by the Dubai Financial Services Authority to manage assets and conduct certain other financial services activities.
Saad Mahmood has been appointed as Senior Executive Officer of Verition at Dubai and will lead the growth of the local office, a statement issued by the investment firm said.
The UAE and the wider MENA region are important markets for Verition.
Verition’s strategic positioning of its Dubai headquarters gives it access to DIFC’s financial and innovation ecosystem of more than 36,000 professionals working across over 4,300 active registered companies.
Verition has a broad international footprint with offices in Greenwich, New York, London, Singapore and Hong Kong.
Josh Goldstein, Verition’s Co-Founder and President said, “We are excited to continue our international expansion with the addition of a Dubai office. The opportunity to live and work in Dubai is especially appealing to our current and prospective portfolio managers.”
He said, “The region offers a friendly time zone for traders with a global investment mandate, lower taxes and excellent infrastructure.”
Salmaan Jaffery, Chief Business Development Officer, DIFC Authority said, “DIFC is delighted to welcome Verition to Dubai.”
He said, “DIFC’s remarkable growth, which in part is being fueled by hedge funds like Verition, enables us to contribute to Dubai’s ambition to be one of the world’s top three cities for business.”
DIFC plays a critical role in leading and shaping the future of finance through innovation, talent attraction, and inclusivity by creating an environment that fosters growth and development.
