Thursday 5 May 2011

Eurasia Capital launches Gulf subsidiary

Eurasia Capital, the Central Asian investment bank, is launching a subsidiary in the Gulf in a wave of expansion that has included branches of the firm springing up in three industrial centres in Mongolia.

Eurasia Capital Gulf Limited, registered in the United Arab Emirates, will be trying to persuade companies and institutions in Gulf countries to invest in Mongolia and Central Asia, the Ulaanbaatar-headquartered bank said in a statement.

Eurasia Capital, which is headed by former Renaissance Capital and Credit Suisse banker Alisher Ali, is upbeat about the growth potential of Mongolia in the coming decade due to the rich mineral resources of a land that used to be the backyard of the communist world.

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