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News : Qatar First Bank develops an innovative open architecture Private Banking platform

– One-of-a-kind open architecture platform with an exceptional international network of partners

Qatar First Bank L.L.C. (QFB), a leading Shari’ah compliant bank based in Qatar and listed on the QSE, develops a pioneering open architecture private banking platform supported by an exceptional international network of partners. The platform offers shareholders and clients the opportunity to select from a wide range of investment opportunities and innovative financial solutions to grow, manage and protect their wealth and assets.

QFB’s Private Banking & Wealth Management business line is uniquely positioned to exclusively cater to the banking needs of its elite clients and their businesses, while offering access to investment opportunities and innovative solutions.

Leveraging the in-house and international breadth of investment solutions across asset classes, QFB Private Banking team opts for a client centric approach whereby the investment advice is personalized to the financial goals and risk profile of the client. Bespoke Shari’ah compliant solutions are tailored to the functional needs and wants of clients enabling them to both create and preserve wealth.

Commenting on this development, QFB’s Chief Executive Officer, Mr. Ziad Makkawi, said:

“QFB is transforming from being an investment focused to an investor focused entity. This is being reflected in the continued development of our Shari’ah compliant offering across all business lines. We are aware that there is still a great deal of work to be done, and we are investing to achieve our goals.”

“We believe that the listing on the QSE is the beginning of a new era, and our innovative open architecture Private Banking platform complements our ambition to strengthen our position as a major player in the Shari’ah compliant banking arena.” Makkawi added.

Nizar Ahmadi, QFB’s Head of Private Banking & Wealth Management, said:

“We are proud to develop a pioneering open architecture platform and make it available exclusively to our private banking clients. The platform is backed by our talented and highly experienced team, well-equipped to meet the individual needs of our clients.”

Ahmadi added: “Our products and services offered are complemented with a private banking lounge located in our main headquarters on Suhaim bin Hamad Street. The lounge redefines the luxury hospitality experience and combines tradition with modernity. Our team of bankers offers clients high levels of confidentiality, professionalism and responsibility in a comfortable and lavish environment.”

“QFB has a dedicated private banking section for ladies served by world class female relationship managers available to ensure client needs are properly addressed in total comfort and discretion.” Ahmadi concluded.

QFB’s Private Banking & Wealth Management business line is supported by a best in class network of international partners located in major international financial countries, namely London and Zurich. These partnerships allow for great flexibility and reach to our clients.

The private banking and wealth management Shari’ah compliant products include financing, private banking services, innovative investment solutions, as well as family office services covering trusts, foundations, advisory, real estate planning, and statement consolidation.

“the global economic conditions remain challenging and complex during 2016; we will continue to expand our Shari’ah compliant financial solutions, develop and launch new initiatives, and most importantly explore and evaluate investment opportunities. This means our clients will continue to need a trusted advisor to guide them in the management of their wealth. We are positioned to be this trusted advisor.” Makkawi concluded.

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