Baring Asset Management (BAM) has named Mike Young as assistant director of business development for the Middle East.
Young will be based in London and will be responsible for growing Barings’ mutual fund and hedge fund business in the Middle East.
The appointment comes after a year in which Barings’ long only equity funds performed strongly and which saw the launch of long short hedge funds investing in Japan and EMEA. The Baring Europe Middle East Africa (EMEA) Absolute Return Fund returned of 15.69% during its first quarter.
Young has ten years’ experience in investment sales, both in the UK and the Middle East. He most recently held a post at Co funds and Legal & General Investment. Prior to that, he spent almost five years at Invesco Asset Management, where he focused on Middle Eastern business. Based in Dubai he also worked with clients in Qatar, Kuwait, Bahrain, Oman, Abu Dhabi, Lebanon and Pakistan.