Waystone, a provider of specialist services to the global asset management industry, announced the appointment of Nigel Pasea as Country Head of the Middle East. With over four decades of finance, governance, risk, and compliance experience, Pasea joined Waystone Group in 2021 as part of the acquisition of CCL Compliance. He has spearheaded the company’s compliance solutions business in the UAE, delivering significant growth.
In recent years, the Middle East has seen a marked increase in international institutions looking to establish in the region, driven by evolving regulations and proximity to capital pools. And Pasea’s 18 years of living and working in the area have equipped him with the knowledge and leadership needed to capitalize on opportunities in this dynamic market.
Waystone currently employs 45 people in the UAE, with plans to expand its operations in the Middle East this year. And Waystone supports asset managers with over $2 trillion in AUM. And Waystone offers its clients the guidance and tools to allow them to focus on managing their investment goals with confidence.
KEY QUOTES:
“As asset managers look to expand in the Middle East, we’re looking to build a multidisciplinary and experienced team to service that growth. Pasea’s impressive track record and extensive local relationships ensure he is perfectly placed to lead that charge and I have no doubt he’ll deliver on the next phase of Waystone’s Middle Eastern growth journey.”
– Pervaiz Panjwani, Chief Product Officer
“The growth we’ve witnessed in the Middle East in recent years is remarkable. I look forward to leading our talented and growing team to further strengthen our presence and build on Waystone’s success globally and in the region.”
– Nigel Pasea, Country Head of Middle East
