DOHA: The Qatar Financial Centre (QFC) Authority on Monday announced the appointment of Yousuf Mohamed Al-Jaida, to the post of the CEO's vice chairman of QFC.
Al Jaida, who was the Chief Strategic Development Officer of the QFC Authority, expressed thanks to the board of directors of QFC for their confidence affirming he would continue exerting efforts to realize the aspirations of the QFC to be a global financial centre and a business environment.
The Qatar Financial Centre (QFC) is a financial and business centre established by the Government of Qatar and located in Doha.
It has been designed to attract international financial services institutions and major multi-national corporations in particular those operating in the reinsurance, captive insurance and asset management sectors and to encourage participation in the growing market for financial services in Qatar and elsewhere in the region.
The QFC operates to international standards and provides a first class legal and business infrastructure for those operating within the QFC.
The QFC was created by Qatar Law No. (7) and has been open for business since 1 May 2005.
The QFC Authority is the commercial, administrative and legislative body responsible for leading the expansion of Qatar’s financial services sector, providing a uniquely sustainable platform for regional growth in reinsurance, captive insurance and asset management. (QNA)