Opto Investments, the technology-enabled solution for private market access for independent investment advisors, has appointed Fady Eid as Chief Executive Officer for the Middle East.
Eid joins Opto from Credit Suisse AG where he held various leadership positions in the region over the last 15 years, including Market Leader for the UAE and Chairman-General Manager, Lebanon. In his new role, Eid will start developing Opto’s presence in the Dubai International Financial Centre and aims to expand the firm’s client base in the Middle East over the coming years.
Opto Chairman Joe Lonsdale said: “Despite the importance of alternatives in powering the innovation economy, the vast majority of savings worldwide have little to no intelligent access to alternative assets. Opto’s mission is to break down barriers to private markets and give privileged access to our investment advisors and their clients. Fady’s appointment signals our strong commitment to extending this vision beyond the US and to the Middle East.”
“Opto’s offering and capabilities will enable investors in the Middle East to gain unique access to private markets opportunities, solving potential gaps in their alternative investments’ asset allocation,” said Eid. “Knowing this region and its growth potential, I am excited to be on the ground in Dubai to connect Middle East investors with Opto’s platform.”