Financial conference moves to Qatar following surge in assets
According to Cerulli Associates, regional onshore assets are on track to hit US $100billion by 2012, up from $57 billion in 2007.
Research concludes the increase will continue to be driven by the “world class” financial infrastructure in Qatar and high levels of institutional and retail wealth, as well as increasing breadth and depth of investible assets.
Qatar is also able to provide investment managers emerging market returns at developed market risk levels, said a representative from the Qatar Financial Centre Authority (QFCA)
“The recent Global Financial Centres Index, produced by the Z/Yen Group, shows that Qatar continues to increase its ranking as a financial centre, at a time when other regional markets have declined,” said QFCA’s acting CEO, Shashank Srivastava.
“Asset managers are looking to do business across the region, and the Middle East Investment Management Forum in Qatar will provide a great platform for them to grow their business,” Srivastava added.
In light of the research, this year will be the first time Qatar hosts the fifth annual MENA Investment Manager Forum.