QNB Group, the largest financial institution in the Middle East and Africa, and Moscow-based VTB Capital Investments, will launch a Qatar Fund and Russian Fund to attract foreign capital into both markets and build a selection of offerings for international investors.
In this regard, QNB signed a memorandum of understanding with VTB Capital Investments, the largest Russian asset manager with more than $50bn assets under management, which is part of VTB Group, the second largest financial institution in Russia.
QNB Group executive general manager and group chief business officer Yousef al-Neama signed the commercial partnership with VTB Capital Investments chief executive Vladimir Potapov on the sidelines of the 24th St Petersburg International Economic Forum (SPIEF), which is currently underway until tomorrow.
The MoU is aimed at developing business between both parties, in which they can mutually carry out various activities in investment management and advisory services on debt, equity and real estate markets.
QNB enjoys a reputable asset and wealth management expertise, and its team of professionals had successfully worked to develop a leading platform of investment instruments covering equity, fixed income, structured products, real estate and commodity investments.
“We strive to create the most attractive opportunities that is relevant to the needs of our clients, which includes the diversification of investments by geography, and we expect a fund which focusses on investments in the Qatari economy will be extremely popular," Potapov said.
VTB aims to use its expertise in the debt and equity capital and real estate markets in Russia to attract international financing for the development of the country's economy, he said.
"I am sure that our co-operation with QNB will benefit both the Russian economy, the emerging class of Russian investors, and the retail investment market of our country as a whole,” according to him.
VTB Capital Investments is the largest investment platform in Russia, created in 2018, which includes several areas: management companies for Russian and international investors, brokerage services for retail clients, corporate clients and institutional investors, and servicing individuals in the forex market.
QNB Group’s presence through its subsidiaries and associate companies extends to more than 31 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is more than 27,000 operating through 1,000 locations, with an ATM network of more than 4,400 machines.
QNB Group executive general manager and group chief business officer Yousef al-Neama signed the commercial partnership with VTB Capital Investments chief executive Vladimir Potapov on the sidelines of the 24th St Petersburg International Economic Forum (SPIEF), which is currently underway until tomorrow.
The MoU is aimed at developing business between both parties, in which they can mutually carry out various activities in investment management and advisory services on debt, equity and real estate markets.
QNB enjoys a reputable asset and wealth management expertise, and its team of professionals had successfully worked to develop a leading platform of investment instruments covering equity, fixed income, structured products, real estate and commodity investments.
“We strive to create the most attractive opportunities that is relevant to the needs of our clients, which includes the diversification of investments by geography, and we expect a fund which focusses on investments in the Qatari economy will be extremely popular," Potapov said.
VTB aims to use its expertise in the debt and equity capital and real estate markets in Russia to attract international financing for the development of the country's economy, he said.
"I am sure that our co-operation with QNB will benefit both the Russian economy, the emerging class of Russian investors, and the retail investment market of our country as a whole,” according to him.
VTB Capital Investments is the largest investment platform in Russia, created in 2018, which includes several areas: management companies for Russian and international investors, brokerage services for retail clients, corporate clients and institutional investors, and servicing individuals in the forex market.
QNB Group’s presence through its subsidiaries and associate companies extends to more than 31 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is more than 27,000 operating through 1,000 locations, with an ATM network of more than 4,400 machines.