PDL International expands into Middle East and Asia
Mar 20, 2012, By Deborah Benn
Life settlements specialist, PDL International is expanding into the Middle East and Asia. Rising levels of wealth due to greater economic growth in these regions is creating demand for alternative investment solutions, according to PDL International.
Recent research suggests total assets under management in the Middle East alone could total $4 trillion. "We are witnessing a growing appetite amongst investors for assets whose performance is not dictated by financial markets. A key part of our strategy is to meet the rising demand for these products," says Sven Kuhlbrodt, Managing Director of PDL International.
Among the products PDL International will be distributing in the Middle East and Asia include an innovative range of UCITS-compliant alternative funds from Salus Alpha; Traded Endowment Policies, originating from UK With Profits life insurance policies traded onto the secondary market; and The Cascade Portfolio, a diversified portfolio of life settlements policies.
As part of this expansion, PDL International has appointed Keith Campbell Golding as Chief Representative for Middle East and Asia. Campbell Golding will market and distribute PDL International’s product range to institutional customers across the Middle East and Asia.
Campbell Golding has an extensive background in financial markets, with over 30 years in investment banking and in stock broking. He established one of the first holistic wealth management companies, two asset management companies for European banks, and has written extensively on the markets.
He has also worked as a main board director as well as running proprietary trading desks, managing fixed income and currency funds and developing key investment strategies for a global client base.
PDL International is the distribution arm of TIS Group and provides investment services to both institutional and retail clients in over 50 countries across the globe. The company offers a range of alternative investments. At its core are two insurance-linked investment strategies, Traded Endowment Policies and Life Settlements.
In addition to separate accounts, investors have access to the Protected Asset TEP Fund and the Cascade Portfolio. The latter offers investors the opportunity to invest in a diversified portfolio of life settlements policies.
PDL International also markets a UCITS compliant range of alternative funds on behalf of boutique asset manager Salus Alpha Capital.
