Akin Gump launches Middle East investment funds practice
Akin Gump Strauss Hauer & Feld has relocated London-based partner Robert Griffin to Abu Dhabi to launch a Middle East investment funds practice for the firm. The funds specialist has been based in London for the last five years since relocating from Akin Gump's Dallas office.
August 04, 2009 at 06:30 AM
2 minute read
Akin Gump Strauss Hauer & Feld has relocated London-based partner Robert Griffin to Abu Dhabi to launch a Middle East investment funds practice for the firm.
The funds specialist has been based in London for the last five years since relocating from Akin Gump's Dallas office.
The launch will see the US firm target new Middle Eastern sovereign wealth clients and will increase the number of partners based in the Abu Dhabi office to three. The firm previously had a Dubai base but closed it early last year when the firm opted to relaunch in Abu Dhabi last autumn.
Commenting on the practice launch, Griffin said: "This is a natural extension of Akin Gump's global vision. We have done well in expanding our private equity and hedge fund practices and with our previous success in emerging markets it makes sense to target funds and investors on the ground in the Middle East.
"Abu Dhabi is becoming a centre for fund managers seeking to expand their activities internationally and in the Middle East in particular."
The news comes as Ashurst has launched a Dubai-based emerging markets-focused investment funds practice. The practice is led by corporate partner Chezard Ameer, who relocated to Dubai from London in March.
Although led out of Dubai, it incorporate the firm's global funds practice, specifically targeting emerging markets such as China, India and Pakistan as well as the Middle East.
Ameer said: "We chose Dubai as our base due to its strategic location, and also because we have very strong relationships with regional sovereign wealth funds which continue to generate significant deal flow for us."
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