Dubai:"Total funds under sovereign wealth fund management will be $10 to $12 trillion by 2015," said Steve Ellis, worldwide managing director of Bain and Company. Today the six GCC states are home to $2 trillion of the present global total $3 trillion of money in sovereign wealth funds.
"This is a tectonic shift in sources of capital for the world's markets," said Ellis, talking to Gulf News explaining why Bain and Company, one of the world's leading management consultancies, formally opened its Middle East office in Dubai yesterday.
The partnership has been busy in the region since 1993 and has taken on 60 projects. Today it has 30 staff in the region, and is headed by Jean-Marie Pean, managing partner of Bain Middle East.
Read Complete Story
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment