Credit Suisse to set up Global Tech Innovation Centre in Doha

Credit Suisse to set up Global Tech Innovation Centre in Doha

* The proposed Global Technology Innovation Centre in Doha will act as a repository of knowledge, and as a resource pool for multiple business areas within Credit Suisse.

Credit Suisse, one of the world's leading financial services providers, is establishing a Global Technology Innovation Centre in Doha, which is expected to develop local talent, and support innovation research and development through specialised programmes.

The establishment of the centre comes as part of a memorandum of agreement between the Investment Promotion Agency Qatar (IPA Qatar) and Credit Suisse.

The MoU was signed by Sheikh Ali Alwaleed al-Thani, chief executive, IPA Qatar and Thomas Gottstein, chief executive of Credit Suisse Group, in the presence of HE Ali bin Ahmed al-Kuwari, Minister of Finance; HE Sheikh Mohamed bin Hamad bin Qassim al-Abdullah al-Thani, Minister of Commerce and Industry and chairman of IPA Qatar, and Antonio Horta-Osorio, chairman of Credit Suisse.

The signing ceremony was attended by Yousuf al-Jaida, chief executive, Qatar Financial Centre; Eric Varvel, chairman of Credit Suisse Qatar; Bruno Daher, chief executive, Middle East, Credit Suisse; Aladdin Hangari, chief executive, Credit Suisse Qatar and Aventicum Capital Management; and Patrick D'Amico, Strategic Client Partner, Credit Suisse.

The proposed Global Technology Innovation Centre in Doha will act as