14 January 2014

Oaktree Capital Management Opens Office in DIFC

14 January 2014 – Oaktree Capital Management has opened a new office in the Dubai International Financial Centre (DIFC). The Oaktree Capital Management office in DIFC will be headed by Senior Vice President, Yusef Al-Kudsi

Jeffrey Singer, CEO of DIFC Authority, said: “We are pleased to welcome Oaktree, a global leader in investment management, to our client base, which we believe will support the diversification of our offering. Oaktree’s decision to base their Middle East operations in DIFC is also clear evidence of value that the Centre’s strategic location adds as a gateway to regional and international markets.”

Yusef Al-Kudsi, Senior Vice President at Oaktree, commented: “We are proud to join the DIFC community. This location in Dubai provides us with a strong base for our operations in the region and enables us to enhance and better serve our clients’ needs.”

Oaktree specializes in alternative investments, with $79.8 billion in assets under management as of September 30, 2013. Headquartered in Los Angeles, the firm has over 750 employees and offices in 15 cities in 12 countries.  

The Dubai International Financial Centre (DIFC) is the financial and business hub connecting the region’s emerging markets with the developed markets of Europe, Asia and the Americas. Currently, DIFC's client base comprises over 1,000 active registered firms, including 21 of the world’s top 25 banks, 11 of the top 20 money managers, 6 of the world’s 10 largest insurers, and 6 out of 10 top law firms in the world. DIFC offers its member companies benefits such as 100 per cent foreign ownership, zero per cent tax rate, with no restriction on capital convertibility or profit repatriation. DIFC has its own independent financial and ancillary services regulatory body, the Dubai Financial Services Authority (DFSA). 

Source: DIFC