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Credit Suisse, Qatar Holding partner for asset management JV

6 Nov 2012

Credit Suisse has partnered with state-backed investment house Qatar Holding to form an asset management joint venture, Aventicum Capital Management.

The new firm will operate out of two hubs, including a Doha-based business focused on investment strategies in the Middle East, Turkey and other frontier markets as well as an international business based outside of the region.

Aventicum will focus on asset classes that reflect current market trends and will serve the needs of institutional clients worldwide, it said.

The Doha-based division will launch in early 2013, with the launch of the international business following later in the year.

Aladdin Hangari, CEO of Credit Suisse Qatar, will take on the additional responsibility for the joint venture and Martin Keller, head of asset management EMEA for Credit Suisse, will chair the board of directors.

Hashem Montasser, the former head of asset management at EFG-Hermes, has been appointed as the CEO and CIO of the Doha-based business.

Ahmad Al-Sayed, CEO of Qatar Holding, said, “The launch of Aventicum is a key step in establishing Doha as a pre-eminent international financial center.

“We believe that Credit Suisse’s experience and strength in asset management, coupled with its expertise in emerging markets, makes them the ideal partner for us.”

Brady Dougan, CEO of Credit Suisse, added, “Today’s agreement provides an opportunity for us to join with a highly respected partner and is a further example of our long-standing commitment to the region.

“This partnership plays to the strengths of Qatar Holding and Credit Suisse and we believe Aventicum will provide a unique investment platform, both in Qatar as well as internationally.”

Qatar Holding, which was founded by the Qatar Investment Authorit in 2006, invests internationally and locally in private and public equity as well as direct investments.

In 2008 Qatar Holding became one of the largest shareholders of the Credit Suisse Group.

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