Qatar capital markets

22 October 2012

Six key executives behind the development of bond trading in Qatar: Sheikh Abdullah bin Saud al-Thani, Rashid al-Mansoori, Nasser Ahmed al-Shaibi, Salman al-Mohannadi, Alex Carre de Malberg and Mohsin Mujtaba

Sheikh Abdullah bin Saud al-Thani

Position: Governor, Qatar Central Bank

Biography: Sheikh Abdullah bin Saud al-Thani was appointed governor of the Qatar Central Bank (QCB) in May 2006. He began working for QCB in 1982. Between 1990 and 2001, he served as deputy governor. He left the QCB to work as chairman of the State Audit Bureau between 2001-2006. In his current role, Al-Thani is actively involved in the government’s strategy of developing the capital markets, particularly through the QCB’s issuance of treasury bills that are listed on the Qatar Exchange to encourage secondary market trading. He serves as a council member on the Islamic Financial Services Board, the Islamic finance regulatory body. Sheikh Abdullah is chairman of the Qatar Development Bank and is on the board of the Qatar Investment Authority. He has a degree in business administration and a dual master’s degree in business administration.

Contact Tel: (+974) 4 445 6456

Rashid al-Mansoori

Position: Chief executive officer (CEO), Qatar Exchange

Biography: Rashid al-Mansoori was appointed CEO of the Qatar Exchange (QE) in early October, after serving the past 18 months as deputy CEO to Andre Went. Al-Mansoori will be responsible for driving through plans to develop the exchange to trade bonds and sukuk (Islamic bonds), as well as building on its position as an equity trading platform. New regulations to govern the listing of government, corporate and projects bonds are understood to already be in place. Before joining the QE, Al-Mansoori served as a director of local brokerage firms Dlala Holding and Qatar Exchange, which shares the same name as the exchange. He has also been IT director at the Qatar Investment Authority (QIA) and has held positions with the Qatar Olympics Committee, Interior Ministry and Qatar Petroleum. He has a degree in computer and management sciences.

Contact Tel: (+974) 4 433 3666

Nasser Ahmed al-Shaibi

Position: CEO, Qatar Financial Market Authority (QFMA)

Biography: After several years at the Doha Securities Market (now the Qatar Exchange), Nasser Ahmed al-Shaibi became part of the steering committee responsible for overseeing the establishment of the QFMA in 2005. He became deputy CEO and acting CEO from January 2006 until May 2009, when he was appointed CEO. In March, he was appointed to the board of the Qatar Financial Centre Regulatory Authority. Al-Shaibi began his career in accounting and auditing at Qatargas, where he worked from 1993 to 1998. He has also been part of several government steering committees, tackling money laundering, investment funds and various legal issues. The QFMA is responsible for regulation of the securities market in Qatar and has been involved in formulating rules for Qatari firms to start listing bonds and sukuk on the QE, and allowing for them to be traded in the secondary market.

Contact Tel: (+974) 4 428 9999

Salman al-Mohannadi

Position: CEO, QNB Capital

Biography: Salman al-Mohannadi joined QNB Capital, the investment banking arm of Qatar National Bank, in January 2011. He has more than 21 years’ experience at various lenders in the country. As the head of QNB Capital, Al-Mohannadi oversees the largest investment banking operation in the country. QNB makes up more than 50 per cent of the local banking sector. It is government-owned, has close ties to the state and is usually closely involved in Doha’s strategic financing objectives. Because of this, it is expected to play a key role in driving the local debt capital markets, putting Al-Mohannadi in a prime position to be involved in future bond and sukuk issuance in the country. Before joining QNB Capital, he was head of the investment banking division at Commercialbank of Qatar. He joined that lender’s investment arm Commercialbank Capital in 2003.

Contact Tel: (+974) 4 496 8105

Alex Carre de Malberg

Position: Executive general manager and global head, Commercialbank Capital

Biography: Alex Carre de Melberg has more than 19 years’ experience in investment banking, including time at Lazard Freres in the US, Peregrine Capital in the Far East, and Rothschild in Europe. He moved to the Middle East in 2006 to become managing director of the regional arm of French consultancy Rothschild in the region. In 2009, De Melberg became head of investment banking at Invest AD (previously the Abu Dhabi Investment Company). He has also been a senior adviser to UK-based Pall Mall Capital and regional investment firm The National Investor. He joined Commercialbank in 2011 to lead the firm’s investment banking, research, asset management and brokerage arm. One of the largest lenders in the country, Commercialbank of Qatar is well positioned to lead the development of the local capital markets. De Melberg has a master’s degree in business administration from HEC in Paris.

Contact Tel: (+974) 4 449 0000

Mohsin Mujtaba

Position: Director, products and market development, QE

Biography: Mohsin Mujtaba is leading QE’s efforts to build up debt capital markets, being actively involved recently in developing the secondary market for treasury bills. Before taking up his current position in December 2010, Mujtaba was an executive adviser to the CEO, helping to shape the strategy of the exchange. This led to QE agreeing a strategic partnership with NYSE Euronext, operator of the New York Stock Exchange, in 2009. Mujtaba is now responsible for the programme to transform QE into an international exchange. He joined QE in late 2003, when it was still known as the Doha Securities Market. Before joining QE, he was chief systems architect at US technology firm Wavetech. He has a master’s degree in computer science from the Shaheed Zulfikar Ali Bhutto Institute of Science and Technology in Pakistan.

Contact Tel: (+974) 4 433 3666

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