GoldenTree Asset Management to Open Office in the Middle East

NEW YORK--(BUSINESS WIRE)--GoldenTree Asset Management (“GoldenTree”), a global asset management firm with over $49 billion in assets under management, today announced the opening of its first office in the Middle East in the Dubai International Financial Centre, United Arab Emirates. The Dubai office will become GoldenTree’s ninth location, with offices already active in New York, West Palm Beach, Charlotte, London, Dublin, Singapore, Sydney and Tokyo. Han Gurer will join GoldenTree to oversee Middle East business development through the new Representative Office, and will report to Kathy Sutherland, GoldenTree’s CEO. He joins GoldenTree from Ares Management, where he served as a Principal, leading strategy and relationship management.

Steve Tananbaum, the Founder, Managing Partner and Chief Investment Officer of GoldenTree noted, “We are pleased to establish our first office in the Middle East in Dubai, a leading global financial center. As we have done for the last two decades, we are committed to delivering top quartile, differentiated returns across our product offerings and having a significant, positive impact on our clients’ portfolios.”

Sutherland said that, "For more than 15 years the Middle East has been an important, growing region for GoldenTree. We deeply value being close to our investors and are delighted to establish a local presence with Han Gurer’s leadership to continue to strengthen and grow our relationship with partners in the region. Han brings over a decade of expert business development experience to GoldenTree, and we are pleased to welcome him to the team."

Gurer said, “Credit is top of mind for investors and will only increase in importance in the coming years. The opportunity to join a firm that has had demonstrable investment success over numerous credit cycles in the last 23 years and across a broad array of products is quite exciting and I am greatly looking forward to helping lead GoldenTree’s growth in the Middle East.”

About GoldenTree Asset Management

GoldenTree is a 100% employee-owned, global asset management firm that specializes in opportunities across the credit universe in sectors such as high yield bonds, leveraged loans, private credit, distressed debt, structured products, emerging markets, private equity and credit-themed equities. GoldenTree was founded in 2000 by Steve Tananbaum and is one of the largest independent, global credit asset managers. GoldenTree manages over $49 billion for institutional investors, including leading public and corporate pensions, endowments, foundations, insurance companies and sovereign wealth funds. GoldenTree has over 280 employees, with offices in New York, West Palm Beach, Charlotte, London, Dublin, Singapore, Sydney, Tokyo and Dubai. For more information, please visit www.goldentree.com.