Pimco Opens Office in Dubai as Asset Managers Flock to Region

Pacific Investment Management Co.opened a Dubai office, becoming the latest major fund manager to deepen its presence in the Middle East.

The Newport Beach, California-based firm, which manages around $2 trillion, secured a license from the Dubai Financial Services Authority on Wednesday, according to the regulator’s records.

“Pimco has a long-standing history in the Middle East, having managed assets for investors in the region for more than 20 years,” Robert English, managing director and head of the firm’s Middle East business, said in a statement. The new office “underlines our commitment to clients in this important ...