This initiative will expand the existing programme
Daman Investments, a leading asset manager in the UAE, has signed an MoU with Allianz Global Investors, one of the world’s leading active asset managers, to collaborate on offering risk-based investment options as part of the MOHRE-approved Daman Investments end-of-service Programme.
This initiative will expand the existing programme, which currently provides a capital-protected savings solution for end-of-service benefits, by introducing additional investment options designed to give employees greater choice in how their savings are managed.
The collaboration will combine Daman’s understanding of the UAE’s regulatory and workplace savings landscape with AllianzGI’s global expertise in long-term investment and retirement solutions.
Preferred partner
Daman selected AllianzGI as its preferred partner for this initiative based on its superior offering and strong track record in target driven investment solutions, which can be customized to local needs and can bring together public and private market exposure for long-term investment outcomes.
“We are honored to be among the select MOHRE-approved service providers for End-of-Service benefits management in the UAE. Our collaboration with Allianz Global Investors reaffirms our commitment and belief in the strength and resilience of the UAE economy,” noted Shehab Gargash, Founder & Chairman, Daman Investments.
Collaboration
“Through this collaboration, we aim to build on the foundation of our End-of-Service program by introducing additional investment options that support the evolving needs of employers and employees,” commented Ahmed Khizer Khan, CEO, Daman Investments.
“We look forward to leveraging AllianzGI’s unique expertise in holistic retirement solutions through risklab by contributing our global advisory and investment services to support the continued development of the country’s workplace savings ecosystem,” stated Alexandra Auer, Head of Distribution EMEA, Allianz Global Investors.
