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Sovereign Wealth Funds Briefing - Categorized | Investment, Trends

Singapore Bank no longer world safest with Qatar tops

Posted on 02 May 2013

The Qatar Investment Authority, a sovereign wealth fund, has big stakes in Agricultural Bank of China Ltd., Barclays Plc, Credit Suisse Group AG and Tiffany & Co. It owns London department store Harrods outright.
As Qatar’s government has spread its financial wings, the country’s biggest financial institution, Qatar National Bank, has been at its side. Under Ali Shareef Al Emadi, its chief executive officer since 2005, QNB has become the largest lender in the Middle East and one of the most profitable. Even as the bank has expanded, Al Emadi has maintained QNB’S capital base and aversion to risk………………………………………..Full Article: Source


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