Doha Bank signs agreement with Kotak Mahindra Asset Management Company

The agreement was signed on 14th November 2007, at a function held at Doha Bank Corporate Office.

Mr. R. Seetharaman, CEO of Doha Bank expressed his happiness over the tie up with Kotak Mahindra Asset Management Company; he said that, this tie up will give further additional investment options to Indian Expatriates in Qatar. He also emphasized given the global expansion plan of Doha Bank, its presence in Dubai and upcoming branch in Kuwait will all benefit from these additional investment opportunities.

Mr. Abdul Rahman Al Meer, Executive Manager - Retail Banking of Doha Bank was present at the occasion, he highlighted that Doha Bank has the largest network in the State of Qatar, and mutual fund products would be available to customers through its network of branches.

On the occasion, Mr. Sandesh Kirkire, Chief Executive Officer, Kotak Mahindra Asset Management Company Ltd. said that their tie up with Doha Bank reinforces their commitment to expand their retail participation especially from the Middle East. With this tie-up, customers will have an easy access to invest in the various schemes of Kotak Mutual Fund through Doha Bank.

Mr. Ganesan Ramakrishnan, Executive Manager - International Banking said that this tie has been facilitated and is serviced through the International Relations Centre, which is exclusively looking at the various home country banking and investments needs of the expatriates in a convenient and cost effective way. He also added that this is yet another product offered by Swagath - Doha Bank NRI Services to its valuable customers.

Earlier Doha Bank had signed up with UTI Mutual Fund, Reliance Mutual Fund, Birla Sun Life Mutual Fund and Sundaram BNP Paribas Mutual Fund to offer a variety of mutual fund products. He explained that given the global expansion plans of Doha Bank, its recent branch expansion in Dubai and its upcoming branch in Kuwait will enable the resident there to avail these investment opportunities on an ongoing basis.