Rayan Asset Management has renewed its contract with Russell Investments to represent Russell in the Middle East and distribute its multi-manager and OpenWorld products.

The extended collaboration will continue to help Middle Eastern investors restructure some of their existing international investments, and setup investment solutions, guidelines and policies. In addition, investors in the region will be able to increasingly access Russell’s consulting and advisory services.

Pascal Duval, executive managing director of EMEA at Russell, said: “In addition to our partnership with Jadwa Investment of Saudi Arabia, we are delighted to prolong our relationship with Rayan. Russell also views the Middle East as a region of great potential for international investors, and we are dedicating resources to research investment opportunities with world-class local talent. This will lead to the creation of specialized investment vehicles.”

Farid Bedjaoui, CEO of Rayan Asset Management, said: “We are particularly excited to offer new and innovative investment services. Among these new services is Russell’s new Open World single-manager platform which focuses on specialized high conviction managers in high-return portfolios.”