Credit Suisse and Qatar's sovereign wealth fund have set up an asset management joint venture as the gas-rich Gulf state looks to beef up its financial centre and the Swiss bank seeks to tap strong growth in the region.
The venture, called Aventicum Capital Management, builds on the close ties between the two businesses. Qatar's sovereign wealth fund is Credit Suisse's second-largest shareholder with a 6.2 percent stake, according to Thomson Reuters data.
The venture will focus on investments in the fast-growing emerging and frontier markets of the Middle East and Turkey as well as operate an international business, Credit Suisse said on Tuesday.
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