Doha, 4 August 2010

The Qatar Financial Centre Authority is pleased to announce the appointment of Mr. Yousuf Al-Jaida as Director, Strategic Development, responsible for Asset Management and Banking. 

Mr Al-Jaida will be responsible for the QFCA’s strategic development in Asset Management and Banking sectors following the announcement earlier this year of its new specialist “three hub strategy” - focusing on the areas of Asset Management, Captive insurance, and Reinsurance.

A Qatari National, Mr. Yousuf Al-Jaida holds strong financial experience across a variety of roles. Most recently, Mr Al-Jaida was Head of Indirect Investment at the Qatar General Retirement and Pension Authority, which included overseeing the management of hedge fund, private equity, real estate, fixed income and equity portfolio investments.

Prior to this, Mr. Al-Jaida’s experience included engineering project work for Qatar Petroleum and Dolphin Energy, as well as managing various real-estate projects in Qatar.

Mr. Al-Jaida previously sat on the Boards of Nakilat Q.S.C and the USD 1 Billion Strategic Investment Fund of Unicorn Investment Bank, as well as being the Vice Chairman of Mayadeen Real Estate Company K.S.C.C. Before commencing his professional career, Mr Al-Jaida graduated from the University of Arizona, USA.

 
Comment
Mr. Shashank Srivastava, Acting CEO and Chief Strategic Development Officer of the QFCA, stated:

“Mr. Yousuf Al-Jaidah will make a significant impact on our Asset Management hub strategy. His past experience managing institutional wealth will give him unique insights on how to further develop the financial services industry in Qatar. We are delighted to welcome Mr. Al-Jaida to the QFC Authority.”

Contacts:
QFCA: Stephen Carriere, Head of Marketing & Communications
Tel: +974  4496 7784
Email: S.Carriere@qfc.com.qa

Citigate Dewe Rogerson: Seb Hoyle / Habib Bacha
Tel: +974 452 8335
Email: Sebastian.Hoyle@citigatedr.com

Note to Editors

About the 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 provides a first class legal and business infrastructure for those doing business within the QFC. The QFC was created by QFC Law No.(7) of Qatar and has been open for business since 1 May 2005.
 

About the QFC Authority
The QFC Authority is the commercial, administrative and legislative body responsible for driving the commercial strategy of the Qatar Financial Centre as a destination for capital and businesses and for developing corporate and institutional relationships both within and outside Qatar.

The QFC Authority’s goal is to build a world class financial services marketplace where all participants, both domestic and international, will benefit from the considerable local market potential which they can use not only as a springboard into other countries in the GCC, but also as a powerful regional base from which to tap into the broader growth markets of the Middle East, north and sub-Saharan Africa and the Indian sub-continent. To achieve that goal, the QFC Authority recently announced a new strategy for 2010 and beyond which focuses on the creation of a global business hub for three core markets - Asset Management, Re-insurance and Captive Insurance. More information on the QFC Authority is available at www.qfc.com.qa

About the QFC Regulatory Authority
The QFC Regulatory Authority is the independent regulatory body of the Qatar Financial Centre (QFC). It has been established to regulate firms that conduct financial services in or from the QFC. It has a broad range of regulatory powers to authorise, supervise and, when necessary, discipline firms and individuals. The QFC Regulatory Authority regulates firms using principle-based legislation of international standard, modelled closely on the laws used in other major financial centres.