People moves

Notz Stucki heads to Bahrain

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Notz, Stucki & Cie, a $7.5 billion Geneva-based asset manager, has selected Bahrain as the location for its regional office for the Middle East. Notz Stuki’s decision to locate in Bahrain follows moves in 2011 by a number of leading international financial services firms, including AMP Capital Investors, Deloitte Corporate Finance and Canara Bank, to open offices in the desert kingdom.

According to the recent Bahrain Economic Quarterly, the financial sector in the kingdom grew by 1.7% in the 12 months to June 2011 and the number of licensed financial firms now stands at 414, in comparison to