GoldenTree Asset Management, a global asset management firm with more than $49 billion in assets under management, opened its first office in the Middle East in the Dubai International Financial Centre, United Arab Emirates. The Dubai office will become GoldenTree’s ninth location, with offices already active in New York, West Palm Beach, Charlotte, London, Dublin, Singapore, Sydney and Tokyo. Han Gurer will join GoldenTree to oversee Middle East business development through the new representative office, and will report to Kathy Sutherland, GoldenTree’s CEO. He joins GoldenTree from Ares Management, where he served as a principal, leading strategy and relationship management.
“We are pleased to establish our first office in the Middle East in Dubai, a leading global financial center. As we have done for the last two decades, we are committed to delivering top quartile, differentiated returns across our product offerings and having a significant, positive impact on our clients’ portfolios,” Steve Tananbaum, the founder, managing partner and chief investment officer of GoldenTree, said.
“For more than 15 years the Middle East has been an important, growing region for GoldenTree,” Sutherland said. “We deeply value being close to our investors and are delighted to establish a local presence with Han Gurer’s leadership to continue to strengthen and grow our relationship with partners in the region. Han brings over a decade of expert business development experience to GoldenTree, and we are pleased to welcome him to the team.”
“Credit is top of mind for investors and will only increase in importance in the coming years,” Gurer said. “The opportunity to join a firm that has had demonstrable investment success over numerous credit cycles in the last 23 years and across a broad array of products is quite exciting and I am greatly looking forward to helping lead GoldenTree’s growth in the Middle East.”
