Press releases / Investment views

Mario Guraieb joins ING Investment Management Middle East as Director of Institutional Business Development

ING Investment Management Middle East (ING IM) announces the appointment of Mario Guraieb to the position of Director of Institutional Business Development to support growing demand in the region and to further strengthen the ING IM team in Dubai. This appointment demonstrates ING IM’s commitment to expanding the business in the Middle East and recognising this as an area of growth.

In his newly created role with ING IM, Mario will be directly responsible for developing Middle East and North African based institutional sales in various Arab markets, with particular focus on sovereign wealth funds. Mario, who started recently, is based in Dubai and reports to Farah Foustok, CEO of ING IM Middle East.

Prior to joining ING IM Middle East, Mario spent a number of years with Bank of America UK and ING Investment Management in Mexico. Most recently, and before his appointment with ING IM in Dubai, he led the international placement division for NCB Capital. Mario brings with him extensive asset management and sales expertise to compliment the Middle Eastern team.

Farah Foustok, CEO of ING Investment Management Middle East, comments: “At ING IM Middle East we are committed to delivering best practices to the region by appointing experienced people, who can help us achieve our primary focus of realising alpha and providing our clients with the best investment solutions.

“We are delighted to welcome Mario to the team at ING IM Middle East. We are confident that his understanding of managing business development in the EMEA region, along with his local knowledge and previous experience of ING Investment Management, will help us strengthen our presence in the Middle East. His appointment reflects our long term confidence in the future of the Middle East region”.

Notes to Editors:

ING IM was the first international financial institution with a regional asset management team

based in the Middle East, manufacturing and managing MENA strategies.  With its regional head office registered in the Dubai International Financial Centre (DIFC), ING IM (Middle East) Ltd specialises in Middle East and North Africa investment strategies. ING IM (Middle East) is the manager of the ING (L) Invest Middle East & North Africa Fund (S&P ‘AA New’ rated and winner of MENA FM magazine’s 2009 ‘MENA Equity Fund of the Year’ Award and Asian Investor magazine’s 2010 ‘Best Onshore Fund House - Middle East’ Award).