Posted on : Thu, 25 Nov 2010

Doha, 25 November 2010 - QNB was named the Best Asset Manager - Qatar, at the inaugural “Future of Capital Markets in the Middle East” Summit & Awards hosted in Dubai by Global Investor/Isf Magazine.

QNB is the leading financial institution in the State of Qatar and one of the largest in the MENA region by assets. The Bank has a long history of advising and managing individual and corporate client portfolios in Qatar and internationally, which is reflected in its consistent growth year on year.

For the nine months ended 30 September 2010, QNB’s net profit reached QR4.2 billion, up 32.8% on the net profit delivered in September 2009. Total assets grew during the same period to QR194.7 billion, representing an increase of QR41.5 billion, or 27.1%.

The Banks Asset Management Division is the leading fund manager with over QAR 11 Billion of assets under management. QNBs clientele cuts across a range of investor groups that include domestic and international Corporates, Pension Funds, Sovereign Wealth Funds, High Net worth and retail investors. QNB was the first bank in Qatar to have offered mutual funds in 2005.

The Asset Management Division comprises of highly skill and experienced team that focuses on delivering client needs through a structured and disciplined investment philosophy and process. The Bank’s highly accomplished Asset Management Division works closely with clients to develop tailored portfolios that track returns based on risk-adjusted parameters to reduce portfolio volatility and deliver added value. QNBs funds were ranked among the best performing funds for the years 2008 and 2009 by Zawya.

In line with its pioneering position QNB was the first to offer a capital guaranteed structured note on Qatar Market in 2009.

QNB offers its high-net-worth customers with a range of Trust and Fiduciary services through its private banking arm QNB Private, in addition to structured notes and international equity investment opportunities supported by a team of customer relationship managers that are dedicated to each client’s needs.

Global Investor incorporating isf magazine is published by Euromoney Institutional Investor plc. It focuses on custody and fund administration, and is highly regarded in the global asset management community.