His Excellency Sheikh Mohammed bin Hamad bin Qassim Al-Abdullah Al-Thani, Minister of Commerce & Industry and Chairman of IPA Qatar, and Antonio Horta Osorio, Chairman of the Board of Directors of Credit Suisse Group, witnessed the signing of a Memorandum of Understanding (MoU) between the Investment Promotion Agency Qatar (IPA Qatar) and Credit Suisse.
The MoU aims to further bolster the financial services sector by accelerating the business growth of Credit Suisse in Qatar, and the wider Middle East region.
The MoU was signed by Sheikh Ali Alwaleed Al-Thani, CEO of IPA Qatar and Thomas Gottstein, CEO of the Group, Credit Suisse.
According to the terms of agreement, IPA Qatar will support the Swiss bank in deepening its onshore footprint in the market. Additionally, the MoU entails the establishment of a Global Technology Innovation Centre in Doha, which will act as a repository of knowledge, and as a resource pool for multiple business areas within Credit Suisse. The centre is expected to develop local talent, and support innovation research and development through specialized programs.
The new partnership also paves the way for future collaborations between IPA Qatar and Credit Suisse across other fast-growing sectors, such as financial technology.
Source: Ministry of Commerce and Industry