QNB asset management wins ‘Qatar Equity Fund of the Year’ award

The award reflects the “excellence of QNB’s asset management services” across its domestic and international network of operations, QNB said.

QNB has won the “Qatar Equity Fund of the Year” award in recognition for its Al-Watani Fund during the Mena Fund Manager Performance Awards Ceremony held recently in Dubai.In a statement, QNB noted that the award reflects the “excellence of QNB’s asset management services” across its domestic and international network of operations.The annual Mena Fund Manager Performance Awards ceremony is one of the highlights of the financial calendar and attracts high-profile industry representatives from a diverse range of countries, the statement added.Mena Fund Manager (Mena FM) is a monthly publication focused exclusively on the rapidly developing Middle East and North African fund manager markets. Aimed at fund managers, investors, and service providers throughout the region and beyond, Mena FM is the “premier source” for in-depth analysis of Mena fund management trends. QNB Group currently manages several discretionary investment accounts, financial portfolios, and open ended funds across various asset classes and geographies on behalf of its clients. The bank has a specialised research team that actively tracks relevant economies and asset classes, QNB said. “The highly-experienced asset management team has a proven track record and have secured many prestigious awards including the 2014 Global Investor Magazine’s ‘Best Regional Asset Manager’ along with Global Investor Magazine’s ‘Best Asset Manager in Qatar’ for 2013, 2012, and 2010, as well as the 2011 EMEA Finance’s ‘Middle East Banking Achievement Award,’” it added. QNB said it offers customers management of investment accounts services, which assists clients in structuring a customised portfolio relating to local and regional markets.Now operating in 26 countries across three continents, QNB Group is among the “highest rated” of regional banks with credit ratings of Standard & Poor’s (A+), Moody’s (Aa3), Fitch (A+), and Capital Intelligence (AA-). In 2014, the group recorded a net profit of QR10.5bn ($2.9bn), up by 10.3% compared to the previous year. Total assets increased by 9.7% from December 2013 to reach QR486bn ($133.6bn) in 2014, the highest achieved by the group.