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Qatar Holding, Credit Suisse launch joint asset management venture
- Qatar: Wednesday, November 07 - 2012 at 04:04
Qatar Holding, and Credit Suisse Group have announced the launch of a joint asset management venture, Reuters has reported. The new venture, named Aventicum Capital Management, will focus on investments in the fast-growing emerging and frontier markets of the Middle East and Turkey as well as operate an international business, Credit Suisse said. The move is part of plans by Qatar to create an asset management hub in the region through the Qatar Financial Centre. Qatar Holding, the investment arm of sovereign fund Qatar Investment Authority, is among the top shareholders in Credit Suisse along with Saudi Arabia's Olayan Group.
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