• Wellington Management, an American investment and asset management company, intends to open an office in Dubai, to join a group of companies and financial institutions, including major global investment and hedge funds, that have expanded in Dubai during the recent period. The company is headquartered in Boston, Massachusetts, and manages assets with a total value of $1.1 trillion for major international institutions, and provides advisory services to mutual funds. The company has been serving clients in the Middle East and North Africa region for 29 years.

• According to “Bloomberg” news agency, “Wellington Management” appointed Walid Al-Razouki from Morgan Stanley to head its operations in the city, and play a key role in expanding the money manager's presence in the region.