London, 24 September 2024 – Gemcorp Capital (Gemcorp), a global asset management firm specialising in emerging markets, is pleased to announce that Gaj Wallooppillai OBE has been appointed as its Head of Middle East. He will also retain his current role as Head of Strategy for the Group. In his expanded role, Mr. Wallooppillai will be responsible for driving Gemcorp’s strategic initiatives and growth across the Middle East, strengthening existing institutional relationships, building new partnerships, and ensuring the successful execution of Gemcorp’s strategy in the region. He will be based in Abu Dhabi and takes over from Simon Penney who is moving on to pursue other opportunities.
As Head of Middle East, Mr. Wallooppillai will work closely with Gemcorp’s CEO, Atanas Bostandjiev, the Board, and business leaders across the Group.
His appointment underscores Gemcorp's commitment to deepening its presence and expanding its operations across the Middle East. It follows Gemcorp’s plans for its inaugural Saudi investment fund, with an initial target size of $1 billion, in partnership with the Ministry of Investment Saudi Arabia (MISA), as well as the establishment of its Abu Dhabi Global Market (ADGM) asset management business, which is subject to final regulatory approval to operate in the ADGM.
“We’re excited to have Gaj take on this crucial role as we continue to expand our global footprint,” said Atanas Bostandjiev, CEO of Gemcorp. “His deep expertise will be invaluable as we work to drive sustainable growth in one of the world’s most dynamic markets, at the epicentre of global trade and Emerging Markets investing.”
Gaj Wallooppillai OBE said, “I’m delighted to be taking on this expanded role to grow Gemcorp’s business in the Middle East. It’s an exciting time for the firm and I’m looking forward to continuing to strengthen our relationships here and grow the business in the region. The Middle East is critical to our long-term success as a firm and is the perfect fit for Gemcorp, as we continue investing across the Emerging Markets to make a positive impact.”
