QNB Secures a Prestigious Accolade at The MENA Fund Manager Performance Awards Ceremony

Posted on : Thu, 05 Feb 2015

Doha, 5 February 2015 – QNB, “One of the World’s Strongest Banks”, has recently received a significant accolade during the prestigious MENA Fund Manager Performance Awards Ceremony held recently in Dubai, UAE.

QNB Al-Watani Fund was awarded Qatar Equity Fund of the Year, reflecting the excellence of QNB’s asset management services across its domestic and international network of operations.

QNB Group, the leading fund manager in the country and one of the leading asset managers in the region, currently manages several discretionary investment accounts, financial portfolios and open ended funds, across various asset classes and geographies on behalf of its clients. The bank has a specialized research team that actively tracks relevant economies and asset classes. The highly experienced asset management team has a proven track record and have secured many prestigious awards including the 2014 Global Investor magazine –“Best Regional Asset Manager “ along with Global Investor magazine – ‘Best Asset Manager in Qatar’ for the year 2013, 2012 and 2010 and the 2011 EMEA Finance – ‘Middle East Banking Achievement Award.’ QNB offers its customers management of investment accounts services which assists clients in structuring a customized portfolio relating to local and regional markets.

Mena Fund Manager (Mena FM) is a monthly publication focused exclusively on the rapidly developing Middle East and North African Fund Manager markets. Aimed at Fund Managers, Investors and Service Providers throughout the region and beyond, MENA FM is the premier source for in-depth analysis of MENA Fund Management trends. It’s Annual MENA Fund Manager Performance Awards Ceremony is one of the highlights of the Financial Calendar and attracts high profile industry representatives from a diverse range of countries.

Now operating in more than 26 countries across 3 continents, QNB Group is amongst the highest rated of regional banks with credit ratings of Standard & Poor’s (A+), Moody’s (Aa3), Fitch (A+), and Capital Intelligence (AA-). For the year ended 2014, the Group recorded net profit of QR10.5 billion (USD2.9 billion), up by 10.3% compared to the previous year. Total assets increased by 9.7% from December 2013 to reach QR486 billion (USD133.6 billion) in 2014, the