Image: Getty ImagesWellington Management, which handles more than $1.1tn of client assets, is opening an office in Dubai, joining a raft of international financial firms expanding to the Middle Eastern business hub. Al-Rezooqi is an executive director at Morgan Stanley and has worked at the Wall Street firm for almost six years, according to LinkedIn. A representative for Morgan Stanley declined to comment. Wellington, which is known for serving institutional clients and sub-advising active mutual funds, is the latest money manager to open its office in Dubai. Wellington recently cut about 5 per cent of its staff as the industry adjusts to volatile markets after a tough 2022.

Source: The North Africa Journal August 06, 2023 12:06 UTC