QNB Wealth Management is the wealth and asset management division of the Qatar National Bank (QNB).
Qatar National Bank (QNB Group), established in 1964 as Qatar’s first Qatari-owned commercial bank, is jointly owned by the Qatar Investment Authority (50%) and public shareholders (50%).
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This page will explore what is QNB Wealth Management, what it does, and whether its asset management solutions and investment offerings provide value to you and your investment portfolio.
What is QNB Wealth Management?
Over the years, QNB has grown into the largest financial institution in the Middle East and Africa (MEA), with total assets of QAR 1,279 billion (USD 351 billion) and a net profit of QAR 12.7 billion (USD 3.5 billion) as of September 30, 2024.
The Group operates across 28 countries on three continents, with over 31,000 employees, 900 locations, and 5,000 ATMs.
QNB is highly rated by credit agencies, with an A+ from Standard & Poor’s and Aa2 from Moody’s.
Its subsidiaries include QNB Capital, offering investment banking services such as mergers and acquisitions, capital markets, and project financing, and QNB Financial Services, a licensed brokerage providing a multi-market trading platform.
History of QNB
QNB, originally Qatar National Bank, was established in 1964 as the first Qatari-owned commercial bank. It was rebranded to QNB in 2004 and has since played a pivotal role in Qatar’s development.
QNB’s international expansion began in 1976 with its first overseas branch in London, followed by Paris in 1978.
A significant expansion plan launched in 2005 extended QNB’s presence to more than 31 countries today, supported by subsidiaries, branches, and representative offices.
Domestically, the establishment of QNB Capital in 2008 and QNB Financial Services (QNBFS) in 2011 has cemented QNB as a modern financial institution offering advanced investment and financial services.
What does QNB Wealth Management do?
QNB Wealth Management offers customized investment solutions tailored to clients’ financial goals and risk appetites through its Asset & Wealth Management Department, offering a range of investment instruments, including equities, fixed-income products, structured products, and commodities.
Funds
- QNB MENA Debt Fund: Invests in low-risk, dollar-denominated debt securities from the MENA region with biannual returns and daily liquidity.
- QNB Sukuk Fund: Offers exposure to globally diversified Sukuk securities with a low-risk strategy.
- Al Watani Fund: Focuses on Qatari blue-chip equities.
- QNB MENA Equity Fund: Diversifies across stocks in the Middle East and North Africa.
- QNB Commodity Fund: Provides exposure to selected commodities through ETFs and equities.
- QNB Asia-Pacific Equity Fund: Targets growth in Asia-Pacific markets (excluding Japan) with diversified equity investments.
- QNB Debt Fund: Invests in bonds from reputable entities in Qatar and Gulf Cooperation Council (GCC) nations.
QNB Wealth Management also offers tailored investment solutions, including capital-guaranteed structured products, enabling investors to participate in asset growth while managing risks.
QNB collaborates with global asset managers like Fidelity, Goldman Sachs, Allianz, and Schroders to offer clients access to various managed funds.
QNB Key Executives
QNB Group
- Abdulla Mubarak Al-Khalifa: Group Chief Executive Officer, QNB
- Yousef Mahmoud Al-Neama: Group Chief Business Officer, QNB
- Adel Ali Al-Malki: Senior Executive Vice President – Group Retail Banking, QNB
- Abdulla Hashim Al-Sada: Senior Executive Vice President – Group Asset and Wealth Management, QNB
- Ali Abdulla Darwish: Senior Executive Vice President – International Business, QNB
- Khalid Ahmed Al-Sada: Senior Executive Vice President – Group Corporate and Institutional Banking, QNB
International
- Abdulaziz Khalid Jokhdar: Chief Executive Officer – KSA
- Abdulsalam AlBaddai: Chief Executive Officer – Yemen
- Alexandre Zibaut: Chief Executive Officer – France
- Gaurav Gupta: Chief Executive Officer – India
- Ghassan Kandalaft: Chief Executive Officer – South Sudan
- Khalid Al Barwani: Chief Executive Officer – Oman
- Mohamed Ismail: Chief Executive Officer – Kuwait
- Silas Lee: Chief Executive Officer – Singapore
- Jafar Amin: Chief Executive Officer – Hong Kong & Greater China
- Ziad Sadek Itani: Chief Executive Officer – Lebanon
- Paul McDonagh: Chief Executive Officer – UK
- Jonathan Yang: Acting Chief Representative – Shanghai, China
- Majid Ahadian: Chief Representative Officer – Iran
- Truc Ba Ha: Chief Representative Officer – Vietnam
QNB Wealth Management Contact Information
Private Banking
- Address: P. O. Box 1000, Doha, State of Qatar
- Tel: +(974)4440 7744
- Fax: +974 44407219
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