Ahli Bank (QSC) has started brokerage services through its subsidiary Ahli Brokerage Company (ABC) at the Qatar Exchange (QE). ABC will offer a range of quality brokerage services by employing creative operational solutions backed by a team of dedicated professionals that help in achieving the financial aspirations of the clients, Ahli Bank said in a media statement.
QE CEO Andre Went said, "I am pleased with the successful launch of the brokerage activities by Ahli Bank through its subsidiary. Having banks enter the market to provide brokerage services improves the quality of our market and the services we are able to provide to investors."
Ahli Bank CEO Salah Murad said, "The financial services industry is expanding at an exponential pace in Qatar and we look forward to take part in and propel this growth.
"Our customers will benefit from the accumulated experience in brokerage that Ahli Bank can bring to make this a successful venture. This brokerage service will compliment other banking services in offering end-to-end financial solutions to financial institutions, and high net worth individual investors in Qatar on listed stocks at QE."
"Allowing banks to perform brokerage activities has many advantages and benefits for the exchange and the investors as well in respect of attracting foreign investment portfolios and enhancing international confidence in the Qatari market," said Went.