Latest news with #AshmoreGroup
Zawya
03-06-2025
- Business
- Zawya
Ashmore receives authorisation for a regulated business in Qatar
Follows strategic partnership with Qatar Investment Authority ('QIA') under the Active Asset Management Initiative, aligning with the country's National Vision 2030 and ambitions to continue economic growth trajectory Ashmore Group plc ('Ashmore' or 'the Group'), the specialist Emerging Markets asset manager that manages US$46.2 billion, announces that Ashmore Qatar has been authorised by the Qatar Financial Centre Regulatory Authority ('QFCRA'). Ashmore has a long history of investing in Qatar and has conducted business with the country for more than two decades. The Ashmore Qatar office, which will operate under the QFCRA's regulatory framework, will participate in Ashmore's investment committees, including the provision of advice and input on the management of the Ashmore Qatar Equity Fund ('AQEF'), which was launched in January 2024 with the QIA as an anchor investor. Since inception to end April 2025, AQEF has delivered a cumulative gross USD return of 18.5% and has outperformed its benchmark index by 345 basis points. Additionally, the office will support the development of relationships with local investors, providing access to Ashmore's full range of Emerging Markets investment strategies across equities, fixed income and alternatives asset classes. Ashmore currently manages approximately US$10 billion on behalf of clients based in the Middle East, which is invested in a diversified range of listed equity, fixed income and thematic private equity strategies. The establishment of an office in Qatar is line with Ashmore's strategy to develop a network of local businesses in attractive emerging economies. The new business complements Ashmore's other offices in Colombia, India, Indonesia, Peru, Saudi Arabia and the UAE, which together manage US$7.5 billion of assets, representing 16% of the Group's total AuM. Mark Coombs, Chief Executive Officer, Ashmore Group plc, said: 'We are delighted to open our new office in Qatar, as a natural evolution of our long relationship. The country provides exciting growth opportunities as its domestic capital markets broaden and deepen, and its National Vision 2030 raises Qatar's profile as an important investment destination for international investors. We look forward to our Qatar operations contributing to the growth and diversification benefits to the Group provided by Ashmore's other local emerging markets businesses.' Commenting on this milestone, Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC, stated: 'We are pleased to welcome Ashmore Group to the Qatar Financial Centre. As a globally recognised leader in emerging markets investment, Ashmore's presence in Qatar reflects the growing appeal of our financial ecosystem and the strength of our regulatory framework. At the QFC, we are committed to providing a supportive platform for leading global institutions, enabling them to thrive and contribute meaningfully to the diversification and development of Qatar's financial services sector, in line with the goals of Qatar National Vision 2030.' Media contact details for Ashmore Group: Cardew Group Ashmore@ +44 207 766 1212 Henry Crane +44 7918 207157 Luke Bramwell +44 7467 992924 Media contact details for QFC: QFC Corporate Communications Rasha Kamaleddine +974 5504 9647
Bloomberg
28-05-2025
- Business
- Bloomberg
Ashmore Group CEO: US Capital Shift Brings Opportunity for Emerging Markets
Speaking on the sidelines of the Qatar Economic Forum in Doha, Ashmore Group CEO, Mark Coombs tells Bloomberg's Francine Lacqua that emerging markets may be one of the benefactors of capital shifting away from the US as investors decide where to put their cash next as the dust from Trump tariffs settles. (Source: Bloomberg)
Yahoo
27-05-2025
- Business
- Yahoo
QFC signs MoU with Ashmore Group to expand Qatar's capital markets
Qatar Financial Centre (QFC) has signed a memorandum of understanding (MoU) with Ashmore Group, an emerging markets asset manager, to support the expansion of the country's capital markets. This strategic partnership is expected to bolster the local asset management sector through knowledge exchange and the development of investment solutions. The collaboration between QFC and Ashmore Group, which manages assets worth $46.2bn, is aligned with Qatar's broader vision of fostering a diversified, knowledge-based economy. A key focus of the agreement is the cultivation of local talent within the financial services industry, which is critical to the nation's long-term development plans. QFC chief executive officer Yousuf Mohamed Al-Jaida emphasised the significance of the partnership, stating, 'Ashmore Group's deep expertise in asset management, combined with the QFC's drive for financial innovation, makes this partnership a strong catalyst for long-term development. 'Through this collaboration, we aim to strengthen Qatar's asset management sector and elevate our capital markets by introducing global best practices and innovative investment solutions.' Ashmore Group CEO Mark Coombs expressed his company's commitment to the region, saying, 'Ashmore has a long history of investing in Qatar and is excited to partner with the QFC to deliver further development in Qatar's financial services industry over the coming years. 'We also look forward to helping raise the profile of Qatar as a destination for international investors, in line with the ambitions of the National Vision 2030.' The MoU marks a continuation of Ashmore Group's engagement in Qatar, following the recent registration of the asset manager under QFC's platform and the inauguration of its new office in the country. The companies expect this move to enhance local investment activity and strengthen Qatar's position as an emerging hub for asset management in the region. The Qatar Financial Centre (QFC), situated in the heart of Doha, serves as an onshore hub for companies seeking to establish and expand their business operations in Qatar and the surrounding region. Last week, Ashmore Group launched an office in Qatar to advise on investment opportunities and foster connections with local investors. "QFC signs MoU with Ashmore Group to expand Qatar's capital markets" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Zawya
26-05-2025
- Business
- Zawya
QFC and Ashmore Group sign deal to boost Qatar's asset management sector
Doha, Qatar: Qatar Financial Centre (QFC), a leading onshore financial and business centre in the region, signs an MoU with the Ashmore Group, a globally recognised emerging markets asset manager that manages $46.2bn, to support the expansion of Qatari capital markets. The partnership aims to strengthen Qatar's local asset management sector by fostering knowledge exchange and promoting the development of innovative investment solutions. A central element of the agreement is the commitment to nurturing local talent within the financial services industry, supporting Qatar's broader vision of building a diversified, knowledge-based economy. Commenting on the importance of this partnership, Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC, said: 'Ashmore Group's deep expertise in asset management, combined with the QFC's drive for financial innovation, makes this partnership a strong catalyst for long-term development. Through this collaboration, we aim to strengthen Qatar's asset management sector and elevate our capital markets by introducing global best practices and innovative investment solutions.' Mark Coombs, Chief Executive Officer, Ashmore Group plc, said: 'Ashmore has a long history of investing in Qatar and is excited to partner with the QFC to deliver further development in Qatar's financial services industry over the coming years." "We also look forward to helping raise the profile of Qatar as a destination for international investors, in line with the ambitions of the National Vision 2030.' This MoU builds on the recent milestone of QFC registering Ashmore Group under its platform and supporting the launch of its new office in Qatar. It also marks a significant step in expanding Ashmore's long-standing relationship with the country. The office will support local investment activity and deepen engagement with regional investors, further positioning Qatar as a growing hub for asset management. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Qatar Tribune
26-05-2025
- Business
- Qatar Tribune
QFC, Ashmore sign MoU to boost Qatar's asset management sector
Tribune News Network Doha Qatar Financial Centre (QFC), a leading onshore financial and business centre in the region, signs an MoU with the Ashmore Group, a globally recognised emerging markets asset manager that manages $46.2 billion, to support the expansion of Qatari capital markets. The partnership aims to strengthen Qatar's local asset management sector by fostering knowledge exchange and promoting the development of innovative investment solutions. A central element of the agreement is the commitment to nurturing local talent within the financial services industry, supporting Qatar's broader vision of building a diversified, knowledge-based economy. Commenting on the importance of the partnership, QFC Chief Executive Officer Yousuf Mohamed Al Jaida said, 'Ashmore Group's deep expertise in asset management, combined with the QFC's drive for financial innovation, makes this partnership a strong catalyst for long-term development. Through this collaboration, we aim to strengthen Qatar's asset management sector and elevate our capital markets by introducing global best practices and innovative investment solutions.' Ashmore Group Chief Executive Officer Mark Coombs said, 'Ashmore has a long history of investing in Qatar and is excited to partner with the QFC to deliver further development in Qatar's financial services industry over the coming years. We also look forward to helping raise the profile of Qatar as a destination for international investors, in line with the ambitions of the National Vision 2030.' This MoU builds on the recent milestone of QFC registering Ashmore Group under its platform and supporting the launch of its new office in Qatar. It also marks a significant step in expanding Ashmore's long-standing relationship with the country. The office will support local investment activity and deepen engagement with regional investors, further positioning Qatar as a growing hub for asset management.
