DOHA, 22 April 2009
 |  |
| World's Fastest Growing Economy to Benefit from Independent Financial Advice |
The Middle East's largest independent financial advisor has opened an office in Doha to cater for the growing demand for tailored financial solutions.
Operating within the Qatar Financial Centre, Nexus will provide impartial insurance and investment advice (limited to insurance products) to businesses and private customers.
The Economist Intelligence Unit (EIU) has recently projected that Qatar will become the world’s fastest growing economy during 2009 with REAL GDP growth in 2009 is projected at 10.7 percent.
"Providing more transparent financial services will support the tremendous economic growth seen in Qatar," said Mahmoud Nodjoumi, Chairman and CEO, Nexus Group. "Our authorised advisors will be able to help individuals and businesses to accumulate and protect their wealth."
"Nexus does not have exclusive ties with any product provider so we are able to deliver independent advice to meet the specific needs of our client," he added.
Nexus Financial Services WLL is regulated by the Qatar Financial Centre Regulatory Authority to operate in and from the QFC for the provision of advice on insurance products.
Fetooh Al Zayani, Managing Director Business Development, Insurance and Reinsurance said: "Nexus brings a respected reputation for impartial, transparent advice which will help support Qatar's growing need for independent financial advice and will add new products and services to the Qatari market to support our objective to become the region's leading insurance and reinsurance hub."
Nexus has a pedigree in the Gulf stretching back over nearly twenty years, with offices in the Dubai, Sharjah, Abu Dhabi and the Kingdom of Bahrain.
 |
| Nexus Becomes First Insurance Intermediary to Advise Retail Customers in and from the QFC |
– ENDS –
About Nexus Group of Companies
Nexus is an exciting force in professional financial services. Our unique approach will help you and your family to accumulate and protect your wealth today and tomorrow.
At Nexus, our expertise and independence mean we are perfectly positioned to deliver the first-class service you deserve. As qualified professionals in wealth accumulation and protection, we are a company you can trust to understand your unique financial situation and provide tailored solutions.
www.nexusadvice.com
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 operates 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.
QFC Regulatory Authority
The QFC Regulatory Authority is an independent regulatory body established by Article 8 of the QFC Law. It regulates firms that conduct financial services in or from the QFC. It has a broad range of regulatory powers to authorize, supervise and, when necessary, discipline firms and individuals. The QFC Regulatory Authority regulates firms using principle-based legislation of international standard, modelled closely on that used in London and other major financial centres. The Regulatory Authority is currently receiving applications and granting authorisations.
Related Items