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Tuesday, December 1 - 2009

QInvest appoints Shahzad Shahbaz as CEO

Shahzad Shahbaz has been appointed as Chief Executive Officer of QInvest LLC, a Qatar Financial Authority licensed Category 1 investment bank.

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  • Shahzad Shahbaz.
    Shahzad Shahbaz.
A twenty-five year veteran of Bank of America, Shahzad Shahbaz joins QInvest from Emirates NBD Group where he was CEO of the Investment Bank. He joined the predecessor NBD group in July 2006 as CEO of NBD Investment Bank and successfully established a regional investment banking, asset management and private equity business.

Prior to leaving Bank of America, he was head of their regional investment banking platform for Europe, Middle East, and Africa in London where he was based for about 13 years. During his 25 years with Bank of America in various locations in their Global Corporate and Investment Banking Group he was involved in a broad range of financing, investment, capital markets and advisory transactions in both the developed and emerging markets. He was also involved in setting up several new businesses in the investment banking and capital markets areas.

Commenting on his appointment, Sheikh Jassim Bin Hamad Bin Jabor Al Thani, Chairman of QInvest, said:
"This appointment is in line with our plans to create a world class investment banking firm, focused on a wide range of activities primarily in the high growth markets of Middle East, Asia and Africa. We are pleased to appoint Shahzad Shahbaz who has broad experience and a proven track record in building new businesses."
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Notes and media contacts

About QInvest:

QInvest is the first and largest Islamic investment bank to be established in Qatar, one of the world's fastest growing economies. Licensed by the Qatar Financial Centre Authority in April 2007 with authorized capital of $1bn and $500m paid-up, QInvest is distinguished by the strength of its shareholder structure, comprised of both institutional and prominent individuals from Qatar and the GCC region. QInvest aims to become a world class investment banking firm offering a broad range of products and services under Sharia'a compliant structures.

For further information, kindly contact:

Kamal Nasrallah
Senior Account Executive
Action Qatar PR Group
A division of Action Global Communications
Handassa Str., B ring road
Building 142, First Floor
P.O. Box 2900, Doha, Qatar
T +974 4655425/ 4361499
F +974 4370167

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