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UK-based corporate finance and asset management company Gulf Merchant Group (GMG) is planning to establish a regional office in Dubai to offer investment banking, fund management, capital markets and private client services targeted at family businesses in the GCC. The company, a joint venture of its managing partner Nabil Maaloul and the local Al-Ghaith Holding, will focus on family businesses and plans to introduce regional investors to undervalued European and US companies. Its activities will also cover India and North Africa. ‘The objective is to expand partnerships, build relationships and bridge regions,’ says Maaloul. ‘We won’t offer plain vanilla funds that invest in UAE or US equities. We are structuring sophisticated funds to sell internationally.’ GMG’s private client business will focus on the protection and growth of family business assets, Maaloul says. ‘Only a third of family businesses survive to the third generation. They don’t have the expertise or the vision. We can help.’