One example of this is George Shehadeh, until recently head of principal investments at Dubai-based regional investment bank Shuaa Capital. Shehadeh is moving to Qatar to push the asset management arm of local Qatari investment company Amwal, in which Shuaa holds a 47% stake.
Shehadeh will succeed Amwal’s previous chief executive, Laurent Lavigne, who had more of an investment banking background. The new chief executive says that Qatar, which has ambitions to develop its financial services industry, could become the equivalent of Boston in the US – more of a centre for regional asset management than Dubai, which he says is like the region’s Wall Street, and more of a financing and investment banking centre.
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