New Delhi/Bahrain, May 26, 2008- India's leading international risk consulting firm, BMR Advisors has formed a strategic alliance with the Bahrain-based AL FANAR Group.
The joint venture, "BMR Advisors Middle East WLL", will have its headquarters in Bahrain and aims to fill the gap for high quality risk consultants in the Middle East market.
His Excellency Abdulnabi Alsho'ala, Chairman, AL FANAR Investment Holding Co. said: "Bahrain is the financial services hub in the Middle East and is poised to significantly strengthen its leadership position in the region over the coming years. In this context, I am very excited to partner with BMR to develop specialist skills in our region to bridge the gap in the fast growing risk business."
Bobby Parikh, Managing Partner, BMR Advisors said: "The opening of an office in Bahrain will allow us to further build upon our success and demonstrates our commitment to the region."
BMR has offices in New York, London, San Francisco, Delhi, Mumbai and Bangalore. It has deep experience in the Financial Services, Telecom and Oil & Gas industry segments. BMR provides specialist services in the areas of Anti-Money Laundering, Basel II, Sarbanes-Oxley, business risk, technology risk, internal audit and due diligence to numerous Fortune Global 500 companies.
Sanjay Mehta, Partner, BMR Advisors said: "We are pleased to form this joint venture with the AL FANAR Group. Our aim will be to provide the best value, high quality risk consulting advice to the growing Middle East market."
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About BMR Advisors:
BMR is a professional services organisation offering a range of Risk and Advisory Services for local and global businesses of all sizes. BMR enhances value for clients by focusing on solutions that are innovative, yet practical and that can be implemented. BMR does this by blending domain expertise with analytical rigour, while maintaining an uncompromising focus on quality - and by hiring and nurturing high quality professionals with a passion for excellence. BMR is committed to making a difference to its clients and its people and deliver this difference through the integrity of its efforts and by living its core values. (www.bmradvisors.com)
About AL FANAR Group:
Al FANAR is a regional investment and holding company with more than 16 subsidiaries and majority shareholding in other companies. His Excellency Abdulnabi Abdulla Alsho'ala is the Chairman of AL FANAR Investment Holding and a former cabinet minister in the Kingdom of Bahrain. The Group's varied business interests include financial services, trading, directory services, hospital care and education. (www.alfanarinvestment.com)
Contact:
Vandana Chopra
Manager- Corporate Communications
BMR Advisors
The Great Eastern Centre
First Floor, 70, Nehru Place
New Delhi 110 019
Phone: +91 11 30816205
Direct: +91 11 30816205
Mobile: +99 11594449/+91 9910406868
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© Press Release 2008
