Latest news with #MarkCoombs
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.
Zawya
25-05-2025
- Business
- Zawya
QFC and Ashmore Group sign MoU 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 US$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 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. ABOUT THE QATAR FINANCIAL CENTRE The Qatar Financial Centre (QFC) is an onshore business and financial centre located in Doha, providing an excellent platform for firms to do business in Qatar and the region. The QFC offers its own legal, regulatory, tax and business environment, which allows up to 100% foreign ownership, 100% repatriation of profits, and charges a competitive rate of 10% corporate tax on locally sourced profits. The QFC welcomes a broad range of financial and non-financial services firms. For more information about the permitted activities and the benefits of setting up in the QFC, please visit @QFCAuthority | #QFCMeansBusiness MEDIA CONTACTS QFC Corporate Communications Rasha Kamaleddine | E.
