QNB Group Launches QNB Financial Services 19 May 2011Doha Reporter: Ben Wilkie
Image: Shutterstock
Qatar National Bank Group has launched QNB Financial Services (QNBFS) following licensing by Qatar Financial Markets Authority and successful membership by Qatar Exchange.??
QNBFS will offer a range of financial services to foreign institutional investors, mutual funds, domestic institutional investors, high-net worth individuals, retail and corporate clients including brokerage, research and advisory services with asset management and custody eventually completing the suite.
QNB Group is the first bank to launch an independently regulated licensed brokerage unit in Qatar.??
As part of a phased rollout of services QNBFS is currently launching its financial brokerage service which will be available to Qatari citizens, residents and non-resident individuals and institutions in Qatar as well as abroad. Clients will have the convenience of setting up their trading accounts, supported by a state-of-the-art electronic trading platform, eazytrade which currently provides clients access to stocks listed on the Qatar, UAE and Omani securities markets.
The MENA markets and other major international markets are expected to be available to investors in the near future.??
Clients will also have access to top-tier research and analysis provided by a dedicated team of financial analysts at QNBFS covering various sectors including Banking, Insurance, Energy & Petrochemicals, Telecom, Real Estate, Industrial and Services amongst others.??
Andre Went, CEO of Qatar Exchange said "Today's announcement marks a pivotal moment in the continued developed of the financial services sector in Qatar. The entry into the market by QNB as the first bank to begin offering brokerage services illustrates the positive progress that our market is making. I am delighted to welcome QNB Financial Services as a member of Qatar Exchange.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Shutterstock 