Qatar, September 2019 - Aventicum Capital Management, the asset management joint venture owned by Credit Suisse and the Qatar Investment Authority (“QIA”), today announced that its Qatar-based business, Aventicum Capital Management (Qatar) LLC (“ACMQ”), will assume the investment management responsibility of selected funds and mandates of Amwal LLC, a Qatari asset management company. The transfer reflects ACMQ’s continued efforts to strengthen its local presence.
The agreement sees Aventicum Capital Management (ACMQ) take responsibility for a broad range of Amwal’s managed investment funds in equities and fixed income across active and passive strategies in both conventional and Sharia-compliant products. These products will be available to local, regional and international investors and facilitate the expansion of ACMQ’s client footprint.
Aladdin Hangari, Chairman of Aventicum Capital Management (Qatar) LLC, said: “We are pleased to announce the successful expansion of our capabilities, which will help to accelerate our growth and strengthen Aventicum’ s product offering in line with our strategy in Emerging Markets. We are looking forward to working with the Amwal team and integrating these funds into our platform, allowing us to continue building long-lasting relationships across regions.”
Fahmi Alghussein, Chief Executive Officer (CEO) of ACMQ (former CEO of Amwal), added: “The transfer of Amwal’s funds to Aventicum’s institutional platform is an important step in strengthening Aventicum’s presence in Qatar as one of the top investment management players. Aventicum will now be uniquely positioned to benefit from the wider product offering and the growing asset management industry within Emerging Markets in both Sharia and Conventional investment solutions in the active and passive space.”
ACMQ is one of four operating businesses under Aventicum that acts as an Investment Manager, offering regional investment solutions to long-only funds investing in MENA (Middle East & North Africa) equities. Aventicum Capital Management (Qatar) LLC is authorized by the Qatar Financial Center Regulatory Authority under registration number 00173.
Notes to Editors
About Aventicum MENA & Frontiers
Aventicum MENA and Frontier Markets, which is managed by Aventicum Capital Management (Qatar) LLC, is an independently-run alternative asset management business based in Doha (Qatar) and is part of Aventicum Capital Management. Aventicum MENA and Frontier Markets offers a core range of investment products focusing on the emerging and frontier markets of the Middle East, North Africa and Turkey.
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