Australia's retail and corporate pension provider AMP Capital has opened its new office in Manama, Kingdom of Bahrain.
Earlier this year, the Central Bank of Bahrain was awarded AMP Capital with a representative office license.
AMP Capital chief executive – International Anthony Fasso said the Gulf Cooperation Council (GCC) is an important region for AMP Capital to operate in, having existing clients across the region, including in Bahrain, for the last 10 years.
"AMP Capital is one of the most experienced global infrastructure and real estate managers with expertise across Asia, Europe, North America, Australia and New Zealand. We look forward to sharing our compelling investment opportunities with clients in the region," Fasso said.
"By basing our operations in Bahrain we can benefit from a proven regulatory framework with a track record of facilitating business operations, as well as excellent connectivity into the wider GCC."
Bahrain Economic Development Board chief executive Sheikh Mohammed Bin Essa Al-Khalifa said they welcome AMP Capital to the Kingdom of Bahrain.
"They are an asset to our developing platform of global businesses and we look forward to working with them as they grow their business in the region," Al-Khalifa said.
AMP Capital is a wholly owned subsidiary of AMP Limited, and has over $94bn in funds under its management.