Oaktree Capital Management Opens Office In DIFC

By ExpatBriefing.com Editorial 20 January, 2014

Global asset management firm Oaktree Capital Management has opened an office in the Dubai International Finance Center (DIFC), a financial free zone, according to a press release from the DIFC.

In line with the company's expansion plans in the region, the addition of this new office will allow Oaktree to now serve clients globally across 15 cities in 12 countries.

The Oaktree Capital Management office in DIFC will be headed by Senior Vice President, Yusef Al-Kudsi, who has been with the company for over five years and has extensive experience in managing institutional client relationships.

Oaktree is headquartered in Los Angeles and specializes in alternative investments. As of September 30, 2013 it had USD79.8bn in assets under management.

The DIFC offers firms 0 percent income tax guaranteed for 50 years, 100 percent foreign ownership, no exchange controls and a legal system based on English common law. It currently has 1,000 active registered firms.

Tags: Finance | Tax | Investment | Law | Alternative Investment | Dubai | Expats |


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