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QInvest Plans to Enter Huge Indian Market through Ambit Investment

Qatar : 18 February 2010

QInvest, Qatar’s prominent leading investment bank, has decided to make a planned investment for a 25% stake in Ambit Group, one of India’s leading investment banks, depending on regulatory consent. Shahzad Shahbaz, QInvest’s CEO, will become a member of Ambit’s board.

This will mark QInvest’s first ever investment in India and emphasizes the bank’s concentration on the swiftly budding Indian market. In addition to this , QInvest will also pledge additional capital to different funds administered by Ambit Group.

The projected capital combination will facilitate Ambit to control its constantly high performing investment banking industry and would mainly be used to develop various businesses together with private wealth counseling, institutional equities and investment advisory.

While stating on the deal, Shahzad Shahbaz said, “We are delighted to partner with Ambit, one of India’s preeminent financial services firm. This partnership will generate a number of synergies for both firms and will dramatically accelerate QInvest’s ambitions in India, one of the world’s fastest growing economies. We see significant opportunities for our clients and ourselves across investment management, investment banking, private equity and brokerage.”

Paul Holdsworth, Staff Writer, Gulf Jobs Market News

Paul Holdsworth, Staff Writer, Gulf Jobs Market News
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