Mumbai, Oct 3
UTI International Ltd, a 100 per cent subsidiary of UTI Asset Management Company Private Ltd, has opened a representative office in Bahrain.
The office has been opened with a view to establish a presence in Bahrain and cater to the needs of investors in the neighbouring countries of Saudi Arabia, Kuwait, and Qatar.
Mr Anwar Khalifa Sadah, Executive Director (Financial Institutions Supervision), Bahrain Monetary Agency (BMA), inaugurated the representative office.
Bahrain is focusing on setting up a financial hub and playing a pivotal role in West Asia; by opening an office there, UTI International wants to be a part of this development process.
UTI International Ltd also has offices in Guernsey, London, and Dubai.