Doha : Rothschild, an independent investment bank providing corporate finance advisory services, this week announced the expansion of its presence in the Middle East with the opening of an office in the Qatar Financial Centre.
The move follows the granting of authorisation to Rothschild (Qatar) LLC to carry on regulated activities in the Qatar Financial Centre announced on November 25.
The new office was officially opened by Rothschild Chairman, Baron David de Rothschild, at a private reception at the Museum of Islamic Art and further strengthens the Rothschild network across the Middle East.
Speaking at the office opening, Baron David de Rothschild, said: "As part of our ongoing expansion plans, Rothschild is delighted to announce the opening of an office in Qatar. The Qatari economy is one of the strongest in the region and we are excited by its prospects.
"The Rothschild business model is focused on building long-term relationships and we are confident that by establishing an on-the-ground presence we will be well positioned to fortify our relationships with Qatari institutions and assist in the diversification and development of the economy."
Commenting on the new office, Christopher Hawley, Senior Executive Officer, Rothschild Qatar, said: "Since establishing a presence in the Middle East, Rothschild has become an adviser of choice for government, government-related entities and private sector institutions operating in the region."
He said the opening of an office in Qatar reaffirmed Rothschild's long-term commitment to the region.