Credit Suisse Says Having Qatar as Holder Not Enough for Deals - Bloomberg

Credit Suisse Says Having Qatar as Holder Not Enough for Deals - Bloomberg:



"Credit Suisse Group AG (CSGN), the Swiss investment bank which advised Qatar on some of its most high-profile investments, said it’s gaining deals on merit and not because of the Gulf state’s status as a key shareholder.



“We’re winning deals in a competitive environment on the basis of how strong our credentials are in a particular sector, geography or product,” Aladdin Hangari, the bank’s chief executive officer for Qatar, said in an interview. “Just having Qatar as a shareholder is not enough to win mandates.”



Qatar and Credit Suisse are boosting ties after the gas-rich nation took a stake in the bank and bought its London headquarters. Switzerland’s second-largest lender and Qatar Holding, a unit of the emirate’s sovereign wealth fund, formed Aventicum Capital Management, in 2012 to boost emerging-market investments. Hangari also heads that business."



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