Thames River poaches Mellon Middle East Chief

At the same time, Thames River announces that it has received a licence from the Dubai Financial Services Authority (DFSA), reflecting the considerable interest the company has attracted from institutional clients in the Middle East since launch nearly ten years ago. Nigel will be responsible for this new office and for delivering the highest levels of client service across the region.

With over 25 years' experience of working in financial services, Nigel has been based in the Middle East since 2001. Previously he headed up Mellon's office in Dubai and was responsible for helping to make Mellon one of the most successful western asset management companies in the Middle East.

Joining with Nigel will be Gloria McLeod. Gloria has worked in the Middle East for many years, most recently with Mellon Global Investments in Dubai.

Commenting, Thames River Chief Executive Charlie Porter said:

"We have been watching the competing financial centres in the region and the fact we have chosen Dubai demonstrates our complete confidence and commitment in the DIFC as the regional financial centre. What has been created at the DIFC is a regulator of international credibility, a distinct legal system, an outstanding physical infrastructure and a very positive entrepreneurial environment."

"Being licensed by the DFSA gives us tremendous credibility throughout the region and we look forward to offering institutions, banks and family offices our wide range of investment products, which includes global fixed, global credit, global emerging markets and a wide range of hedge funds. I'm delighted that such a high profile member of the Middle East's financial services community has joined us to spearhead Thames River's presence in this dynamic market."