Invesco Ties with Mashreq to Sell Offshore Funds

Bob Reynolds

11 June 2007

Invesco Asset Management and Arab bank Mashreq have signed a new deal. This will allow Mashreq to sell Invesco's offshore funds to customers in the United Arab Emirates. Nabeel Malik, of Mashreq's retail banking group, said that Invesco's products will be accessible at all of the bank's 47 branches across the UAE. Invesco opened its Dubai office in September 2005 and has been licensed recently to operate from the Dubai International Financial Centre.