Credit Suisse partners with Qatar Holding in asset management joint venture

Stocks and Financial Services Press Releases Monday November 12, 2012 09:33
Zurich--12 Nov--Asian Banker
Zurich, November 9th 2012 - Credit Suisse AG and Qatar Holding LLC today announced that they have signed an agreement to form an asset management joint venture - Aventicum Capital Management

Aventicum Capital Management (‘Aventicum’) will operate out of two hubs including a Doha-based business focused on investment strategies in the Middle East, Turkey and other frontier markets as well as an international business, based outside of the region.

Aventicum will focus on asset classes that reflect current market trends and will serve the needs of institutional clients worldwide. All businesses launched by the joint venture will benefit from the same rigorous investment and risk management practices that Credit Suisse employs across all of its asset management operations. The Doha-based division will launch in early 2013, with the launch of the international business following later in the year.

Aladdin Hangari, CEO of Credit Suisse Qatar, will take on the additional responsibility for the joint venture and Martin Keller, Head of Asset Management EMEA for Credit Suisse, will chair the Board of Directors.

Hashem Montasser has been appointed as the CEO and CIO of the Doha-based business. Previously, Mr. Montasser was the Head of Asset Management at EFG-Hermes.
The Doha-based business of the joint venture, Aventicum Capital Management (Qatar), will be licensed and regulated by the Qatar Financial Centre.

Ahmad Al-Sayed, CEO of Qatar Holding, said: “The launch of Aventicum is a key step in establishing Doha as a pre-eminent international financial center. We believe that Credit Suisse’s experience and strength in asset management, coupled with its expertise in emerging markets, makes them the ideal partner for us.”

Brady Dougan, CEO of Credit Suisse, said: “Today’s agreement provides an opportunity for us to join with a highly respected partner and is a further example of our long-standing commitment to the region. This partnership plays to the strengths of Qatar Holding and Credit Suisse and we believe Aventicum will provide a unique investment platform, both in Qatar as well as internationally.”

This announcement marks another milestone in the strategic partnership between Qatar Holding and Credit Suisse. This partnership was formalized in 2008 when Qatar Holding became one of the largest shareholders of the Credit Suisse Group. (November 12 2012)--

Latest Press Release

Photo Release: KBank and Sansiri offer 0% interest rate for six months

Recently, Mr. Alongkot Boonmasuk, Housing Loan Product Management and Marketing Department Head of KASIKORNBANK, and Mr. Srettha Thavisin, President of Sansiri Pcl., introduced “The Joy of Hua Hin in Bangkok” promotional campaign, offering...

Thai listed firms post earnings of THB 700 bln in 2014

- 2014 gross profit margin at 18.48 pct y-o-y, while net profit down 11.31 pct y-o-y to THB 701.59 billion - Banking, Information & Communication, Property Development, Food & Beverage, and Insurance as top five best profit makers Companies...

Photo Release: KBank wins two best awards from IAA

Recently at the Grand Hyatt Erawan Bangkok, Ms. Kattiya Indaravijaya, KASIKORNBANK Senior Executive Vice President, and Dr. Adit Laixuthai, KASIKORNBANK Executive Vice President, represented KBank to accept the Best Chief Financial Officer and Best...

81% of global execs say external CEO engagement now a mandate for building company reputation

NEW YORK – Research released today from leading global public relations firm Weber Shandwick identifies that chief executive officer engagement and visibility is recognised as particularly critical to company reputation, according to 81 per cent of...

Bank of Tokyo-Mitsubishi UFJ Sydney Branch#s Transferable Certificates Of Deposit Rated #A+#

TOKYO (Standard & Poor's) March 6, 2015--Standard & Poor's Ratings Servicestoday said that it has assigned its 'A+' debt ratings to the transferablecertificates of deposit issued by the Sydney branch of Bank ofTokyo-Mitsubishi UFJ Ltd. (BTMU;...

Related Topics