Tata Asset Management Limited (TAML), one of India’s earliest asset management companies and a part of Tata Group, establishes its regional office in Dubai International Financial Centre (DIFC) – one of the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region. Having received its license from DIFC, this new centre will help TAML strengthen its regional stakeholder engagement and facilitate business growth.

Commenting on the announcement, Arif Amiri, CEO, DIFC Authority, says, “We are pleased to welcome Tata Asset Management to the Dubai International Financial Centre. A leading global brand name such as TATA is an excellent addition to the centre and will benefit from our enabling financial eco-system, seamless infrastructure, connectivity to global markets and advanced regulatory system”.

Anchored on value-based approach to business that aims to secure the financial future of its investors, Tata’s approach coincides with Dubai’s commitment to the UAE’s Sustainable Development Goals and Dubai’s ambition to become region’s most sustainable financial services centre. Prathit Bhobe, CEO & Managing Director, TAML, asserts, “The opening of our DIFC office is an acknowledgement of Dubai’s pivotal role at the heart of the region and the strong advantages it offers institutions that base themselves here. It is also a key step towards expanding our network in the Middle East and broader MEA region. Strong UAE-India trade relations, favourable demographics and diversified ME investor landscape make the UAE the right fit. We look forward to new economic opportunities and participants to showcase our India investment capabilities”.

The opening of our DIFC branch is indeed a significant development of TAML which has displayed a strong investment management track record over the last 26 years both for domestic and overseas investors.

TAML’s business is in mutual fund, portfolio management servies, alternate investment funds and offshore funds. This representative office of TAML in the DIFC will be led by Rohan Joshi who has been appointed as Principal Representative – Middle East. He has over a decade of experience in financial services across geographies and in roles within and outside the Tata Group.

Hormuz Bulsara, COO, TAML, says, “The opening of our DIFC branch is indeed a significant development of TAML which has displayed a strong investment management track record over the last 26 years, both for domestic and overseas investors. The Tata Group, whose business philosophy has made our country and its people partners in the wealth creation process, is already a household name in the MENA region and we are proud to be a torch bearer of this wonderful legacy. DIFC, as a leading global financial centre with a developed financial services ecosystem, offers an ideal platform to showcase our capabilities while building key relationships throughout the MENA region”.

Home to the largest, most developed financial ecosystem in the region, DIFC was established in 2004 and has attracted world’s leading financial institutions. The establishment of global leader TAML’s office in the DIFC is in line with its objectives to support the economic vision of Dubai by attracting top firms that help drive economic growth in financial services.