Amwal formally launches its asset management and advisory services at the Qatar Financial Centre
- Qatar: Wednesday, October 24 - 2012 at 13:37
- PRESS RELEASE
Amwal QSC, a Qatari investment firm, is launching its asset management and investment advisory services at the Qatar Financial Centre (QFC), through Amwal LLC, a wholly owned subsidiary licensed by the QFC Regulatory Authority in November 2011.
Over the last few years Amwal has established global best practice systems and built up a highly talented, expert team as it repositioned itself away from investing the company's own money towards concentrating on sustainable fee income from asset management, wealth management and corporate finance advisory services targeting institutional clients and family groups.
George Shehadeh, Amwal CEO, said: "Having completed our strategic repositioning which began in 2009 and having built a solid operating platform and an excellent track record, we are looking forward to an exciting growth phase for the company's asset and wealth management business at the QFC."
Shehadeh added: "We have been a strong advocate of the QFC and have supported its development as a world class regional asset management hub through our active involvement at round table discussions and consultations for the last three years."
As a result of operating in the Qatar Financial Centre and ceasing its regulated activities under the Qatar Central Bank, Amwal is returning excess capital to its shareholders.
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