Newly appointed Ansbacher CIO visits Middle East

Mr Hollings has just returned from an initial visit to Doha where he met with a number of leading private investors, the head of a major conglomerate and a number of QNB executives.

Mr Hollings joined Ansbacher's investment team in April 2005 from Amstel Securities. A lawyer by background, Mike steps into the role with over 20 years of investment experience under his belt. He takes over the position from Tim Price. Mr Price, who has been with Ansbacher for five years, left to take up a position with Union Bancaire Privee.

Since its inception four years ago, Ansbacher's investment business has gone from strength to strength, winning a Private Asset Managers' award in 2005 and being short-listed in three categories in 2006. As a subsidiary of QNB with offices in London, Doha, Dubai, Switzerland, the Channel Islands and the Bahamas, Ansbacher's investment business is able to offer unique global insight into the rapidly expanding Middle East markets.

Eric Lorentz, Senior Regional Director of Ansbacher Middle East, commented:

"Mike's appointment gives Ansbacher the opportunity to build on the momentum of the last four years as we continue the development of our investment business. We were delighted to welcome him to Doha on his recent visit."

Mike Hollings commented:

"I am particularly excited to be working with QNB at this time. It is fortuitous to have a parent in the market place at the right time and one that has commitment and ability to help us build our business. I look forward to working closely with my colleagues in Dubai and Doha."