HSBC’s Quinn Courts Qataris for Deals After Chasing Saudi Fees - Bloomberg:
HSBC Holdings Plc is intensifying efforts to mend ties with Qatar after diverting its attention from the gas-rich Gulf state that’s been isolated by a regional standoff to chase a fee windfall in Saudi Arabia.
Acting Chief Executive Officer Noel Quinn traveled to the country this month to meet officials at the sovereign wealth fund, finance ministry and central bank, according to people with knowledge of the matter, who asked not to be identified because the matter is private.
The bank is trying to improve relations with key executives such as Finance Minister Ali Shareef Al Emadi, who sits on the boards of the country’s biggest bank, national airline and Qatar Investment Authority, one of the people said. Representatives for HSBC and the QIA declined to comment. Qatar’s media office declined to comment on behalf of the ministry of finance and central bank.
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