Wednesday, February 3, 2010

Qatar overhauls financial centre’s strategy


Qatar Financial Centre move to attract asset management and insurance come as questions over David Proctor detention grow; Doha exchange makes international appointments.


Qatar Financial Centre (QFC) has announced a change in strategy refocusing its efforts away from banking towards asset management, reinsurance and captive insurance as part of the gas-rich emirate’s bid to be a regional financial hub.

The new strategies mark the next phase of the development of the QFC Authority, the organization that oversees the centre. “The QFC Authority will continue to work closely with financial and business organizations...


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