Nomura AM's first Middle East head flags plans

The Middle East may have its mojo back, as far as foreign fund houses are concerned. Nomura Asset Management has become the latest in a line to have recently opened an office in Dubai, with more said to be in the pipeline. The main aim of the move is to engage more closely with institutional clients in the Gulf and provide a better standard of service, noted Tarek Fadlallah, the newly appointed Middle East chief executive of Nomura AM. Transparency and regulations are also becomin…