ICG strengthens presence in the Middle East with opening of Dubai office and appointment of Marwan Farag

Index Tower Dubai
Intermediate Capital Group (“ICG”), the global alternative asset manager, today announced that it has opened an office in Dubai to serve its long-standing clients in the Middle East, following approval from the Dubai Financial Services Authority.

In coordination with the launch of the Dubai office, Marwan Farag has been appointed as Managing Director, Marketing & Client Relations, for the Middle East.

Marwan joins ICG with more than 17 years of experience in capital raising roles predominantly held across the Middle East, having most recently served as a Managing Director at LGT Capital Partners, where he led the Middle East business development efforts across strategies, focusing on the six GCC states. Marwan started his career at Bloomberg and subsequently held senior positions at EFG Hermes.

ICG has established strong client relationships across the UAE, Saudi Arabia, Oman, Bahrain, Kuwait and Qatar over the past 13 years. In opening an office in the DIFC, the firm is meeting growing investor demand whilst also underpinning its commitment to the region with a local presence on the ground.

Benoit Durteste, CEO and CIO of ICG, commented:

“The Middle East has been an important region to ICG for some time and we are delighted to formally demonstrate our long-standing commitment. Marwan’s appointment will enable us to continue to drive our client offering whilst meeting growing investor demand.”

Sunil Vaswani, Managing Director at ICG, commented:

“We are delighted to expand our commitment to our clients in the Middle East, both with the appointment of Marwan and the opening of our local office in the DIFC. Whilst we have many long-standing relationships in the Region, we believe there is great opportunity ahead and we look forward to continuing our focus on excellence in serving our existing clients as well as forming new partnerships.”

Marwan Farag, Managing Director at ICG, added:

“It’s a privilege to formally bring ICG’s top-tier, diversified platform to the Middle East. With a proven track record of delivering market leading returns in alternative investments, we look forward to working with existing and new investors for years to come.”

For further information please contact

Clare Glynn
Tel: +44 (0)20 3545 2000
[email protected]

About Intermediate Capital Group (ICG)

ICG provides flexible capital solutions to help companies develop and grow. We are a global alternative asset manager with over 30 years’ history, managing $65bn of assets and investing across the capital structure. We operate across four asset classes: Structured and Private Equity, Private Debt, Real Assets, and Credit.

We develop long-term relationships with our business partners to deliver value for shareholders, clients and employees, and use our position of influence to benefit the environment and society.

ICG is listed on the London Stock Exchange (ticker symbol: ICP). Further details are available at www.icgam.com. You can follow ICG on LinkedIn and Twitter.