Doha: Qatar Financial Centre (QFC), a leading onshore financial and business centre in the region, signed today an MoU with the Ashmore Group, a globally recognised emerging markets asset manager that manages US$46.2 billion, to support the expansion of Qatari capital markets.
According to Qatar News Agency, the partnership aims to strengthen Qatar's local asset management sector by fostering knowledge exchange and promoting the development of innovative investment solutions. A central element of the agreement is the commitment to nurturing local talent within the financial services industry, supporting Qatar's broader vision of building a diversified, knowledge-based economy.
Commenting on the importance of this partnership, Yousuf Mohamed Al-Jaida, Chief Executive Officer of QFC, emphasized Ashmore Group's deep expertise in asset management, combined with the QFC's drive for financial innovation, as a strong catalyst for long-term development. Through this collaboration, there is an aim to strengthen Qatar's asset management sector and elevate the capital markets by introducing global best practices and innovative investment solutions.
Mark Coombs, Chief Executive Officer of Ashmore Group plc, expressed Ashmore's excitement in partnering with the QFC to deliver further development in Qatar's financial services industry over the coming years. He also highlighted the intention to help raise the profile of Qatar as a destination for international investors, aligning with the ambitions of the National Vision 2030.
This MoU builds on the recent milestone of QFC registering Ashmore Group under its platform and supporting the launch of its new office in Qatar. It marks a significant step in expanding Ashmore's long-standing relationship with the country. The office will support local investment activity and deepen engagement with regional investors, further positioning Qatar as a growing hub for asset management.