Qatar National Bank has teamed up with VTB Capital Investments, one of Russia’s largest asset managers, to launch funds in each other’s markets.
A memorandum of understanding (MoU) has been signed to allow them to mutually carry out investment management and advisory services in debt, equity and real estate markets.
The collaboration will begin with the launch of a Qatar Fund and Russian Fund to attract foreign capital into both markets.
“We expect a fund which focuses on investments in the Qatari economy will be extremely popular [to Russian investors],” said Vladimir Potapov, chief executive of VTB Capital Investments and VTB senior vice president.
It is not the first time that a Russian institution has partnered with a Mena-based fund. In September 2020, the Abu Dhabi-based sovereign wealth fund Mubadala signed a strategic agreement with Sberbank to jointly develop investment products and advisory services.
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