IslamicFinance.de

Moody's Investors Service has today assigned an Investment Manager Quality (MQ) rating of MQ2 to Jadwa Asset Management, a division of Saudi Arabian investment bank Jadwa Investment. This is the first MQ rating in the Middle East region and reflects Moody's opinion of the firm's very good investment management capabilities, financial profile and investment performance. At the same time, the rating also takes account of the firm's limited operating history, exposure to "key man" risk and the challenges the firm may face in managing growth.
Moody's believes that Jadwa's challenge to grow is primarily personnel-driven. A shortage of local investment talent and the challenge of retaining key members of the intestment team are likely to test Jadwa's ability to maintain the high standard of its personnel.
However, Moody's notes that Jadwa has been successful in attracting talent both locally as well as from outside the GCC. Moreover, the firm also reinforces the team's capabilities through internal and external training, and offers equity-based incentives to align interests and minimize turnover of key staff.