Golub Capital has appointed Pascal Steiner as a director in its Abu Dhabi office as the firm looks to strengthen its presence in the Middle East and expand its private wealth investor base.
The New York-headquartered private credit manager, which oversees $90bn (£66.9bn) in assets, said Steiner will focus on expanding the firm’s private wealth coverage and relationships with clients across the region.
“There is growing interest from Middle Eastern private wealth investors in private credit as a stable, income-oriented solution,” said Steiner. “The region’s investors are increasingly focused on opportunities that combine consistent performance with transparency and discipline.”
Read more: Vista Equity Partners opens Abu Dhabi office
Golub said Steiner’s appointment also reinforces its commitment to the Middle East following the opening of its Abu Dhabi office in 2024.
The move comes as private credit firms continue to expand their presence in the Middle East despite ongoing conflict in the region. In April, Barings opened an office in Abu Dhabi following the successful launch of its Dubai office in 2024, while Bain Capital selected Abu Dhabi as its regional hub.
“Our clients in the Middle East are important partners to us, and expanding our team in Abu Dhabi allows us to be more responsive to their needs and strengthens our ability to deliver the same high level of service that defines our firm globally,” said Lawrence Golub, co-chief executive of Golub Capital.
