Credit Suisse expands presence in Qatar

Credit Suisse will now offer investment banking and asset management in addition to private banking services to clients in Qatar.

Bassam Yammine, Co-CEO of Credit Suisse Middle East and Head of Investment Banking and Asset Management for the MENA region, said:

"We are confident that Qatar will emerge as one of GCC's most vibrant financial markets, taking into account economic growth, levels of debt, valuations and sentiment. Credit Suisse will offer our clients an extensive roster of investment and advisory resources in response to the new and sophisticated needs of this market."

Bruno Daher, Co-CEO of Credit Suisse Middle East and Head of Private Banking for the Middle East / Indian Subcontinent, adds "This announcement underscores the importance of Qatar to our Middle East strategy. We are pleased to be able to expand our offering to our local clients who have increasingly sophisticated needs."

Aladdin Hangari, Head of Credit Suisse in Qatar, said, "Credit Suisse will focus on an integrated approach, offering its clients specialized solutions in private banking, investment banking and asset management. Credit Suisse's global banking expertise coupled with local knowledge will enable it to deliver a unique offering to its clients."

Credit Suisse was granted a financial services license by the Qatar Financial Centre Regulatory Authority (QFCRA) in 2006. At the same time, Credit Suisse Financial Services (Qatar) LLC, a subsidiary of Credit Suisse secured an authorization by the Qatar Financial Centre Authority (QFCA) to do business in the Qatar Financial Centre in Doha.

During the past two years, the bank has actively catered to the dynamic needs of high net worth individuals and institutional clients in Qatar, offering a comprehensive range of investment advisory services and products.

Credit Suisse is highly committed to the Middle East and has been active in the region for four decades. It was one of the first foreign banks to establish operations in the region and has offices in Abu Dhabi, Beirut, Cairo, Doha, Dubai, Manama and Riyadh.