DOHA, 19 February 2009
Stuart Pearce, CEO and Director General of the QFC Authority and Phillip Thorpe, Chairman and CEO of the QFC Regulatory Authority, met the visiting Lord Mayor of London Ian Luder and a delegation of 35 businessmen representing the City of London at the British Embassy on 18 February.
Mr Pearce discussed current developments in the QFC Authority and underlined the strong contingent of British based firms which have been licensed by the QFC, the most recent of which were Citigate Dewe Rogerson and HSBC Insurance Brokers Limited.
He also explained the Memorandum of Understanding that exists with UK Trade and Investment Financial Sector Services Advisory Board, to utilize each other’s services for the mutual benefit of their respective financial services sectors and to promote the economic development of both nations. This is the first such agreement reached by the UK in the Gulf region.
As head of the City of London Corporation, which provides business and local government services to the City, the Lord Mayor of the City of London's principal role is ambassador for all UK-based financial and professional services. The Lord Mayor of London is not the Mayor of (Greater) London. He is elected for one year and spends some 90 days abroad during his term of office.
Media Contact:
Steve Martin
Head of Corporate Communications and Marketing
Tel +974 4967755 Mob +974 583 1937 e-mail s.martin@qfc.com.qa
Layla Salem
Senior Media Executive
Tel +974 4967793 Mob +974 583 0054 e-mail l.salem@qfc.com.qa
Notes to Editors:
Qatar Financial Centre
The Qatar Financial Centre (QFC) is a financial and business centre established by the Government of Qatar and located in Doha. It has been designed to attract international financial services institutions and major multi-national corporations and to encourage participation in the growing market for financial services in Qatar and elsewhere in the region. The QFC will operate to international standards and provide a first class legal and business infrastructure for those operating within the QFC. The QFC was created by Qatar Law No.(7) and has been open for business since 1 May 2005.
QFC Authority
The QFC Authority is the commercial, administrative and legislative body responsible for driving the commercial strategy of the QFC and for developing relationships with the global corporate community and other key institutions both within and outside of Qatar.
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