Economics
Li’s PineBridge Targets Middle East Acquisitions to Boost Growth
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PineBridge Investments, the money manager controlled by Hong Kong billionaire Richard Li, plans to make as many as six acquisitions in the Middle East, Turkey and Africa this year.
“The investment that is being made in the Middle East is probably one of the most important growth initiatives for PineBridge,” Talal Al Zain, the firm’s chief executive officer for the region, said in a March 4 interview in Manama, Bahrain. He declined to say how much PineBridge plans to invest, while describing the potential deals as “aggressive and meaningful.”