NAPIER PARK GLOBAL CAPITAL OPENS OFFICE AT THE
DUBAI INTERNATIONAL FINANCIAL CENTRE
NEW YORK, DUBAI – September 23, 2013 – Napier Park Global Capital (“Napier Park”), a
global alternative asset management firm, announced today that it has expanded its business
operations into the UAE and is opening an office at the Dubai International Financial Centre.
Napier Park will now have offices in New York, London and Dubai.
The Dubai International Financial Centre (DIFC) office will be headed by Managing Director
Saad Ashraf, an investment professional with more than 17 years of experience in the MENA
region. Prior to joining Napier Park, Ashraf held senior roles at Citi Capital Advisors, Goldman
Sachs, Merrill Lynch and Citi Global Markets in fundraising and securities businesses in Dubai
and London.
“Expanding our asset management business into the UAE is an important next step to growing
our global platform,” said Jim O’Brien, co-managing partner of Napier Park Global Capital. “We
are excited to now be able to offer Napier Park’s innovative credit products to sophisticated
investors in the MENA region. We are also very pleased to be working with Saad once more. His
experience and deep relationships in the region will be a tremendous asset to our firm and clients
alike.”
The firm received official approval to launch the office from the Dubai International Financial
Centre Authority on September 15, 2013.
“We are pleased to welcome Napier to DIFC’s growing community and believe that their
presence will contribute to the diversification of the Centre’s offerings and strengthen its position
as a leading global financial hub. The expansion of Napier Park Global offices comes at a time
when an increasing number of firms are choosing the DIFC as a gateway to regional and
international markets, a testament to the Centre’s strategic location as a bridge between East and
West,” said Jeff Singer, CEO of DIFC Authority.
“I am delighted to be a part of a fully independent asset management company and to once again
be working with some of my old colleagues,” said Saad Ashraf. “The structure of Napier Park
assures that there is an alignment of interests for all parties and I look forward to serving the
needs of our existing and new institutional clients out of the Dubai office.”
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ABOUT NAPIER PARK GLOBAL CAPITAL
Napier Park Global Capital is an independent alternative asset management firm with a core
focus on alternative credit and structured investments that manages approximately $6.7 billion.
The firm manages a diversified product mix including hedge funds, bespoke client separate
accounts, private investments and CLOs for large, sophisticated institutional investors.
Napier Park Global Capital has offices in New York, London and Dubai. For more information
visit www.napierparkglobal.com.
For More Information Contact:
Mickey Mandelbaum or Maya Pogoda
Muirfield Partners
(310) 785-0810
mickey@muirfieldpartners.com
maya@muirfieldpartners.com