QNB and VTB Capital Investments sign an agreement at SPIEF

Posted on : Sat, 05 June 2021

Doha, 3 June 2021 - QNB Group, the largest financial institution in the Middle East and Africa, has signed a memorandum of understanding (MoU) with Moscow-based, VTB Capital Investments, the largest Russian asset manager with more than US $50 billion of assets under management which is part of VTB Group, the second largest financial institution in Russia, during their participation at the 24th St Petersburg International Economic Forum (SPIEF).

QNB Group Executive General Manager – Group Chief Business Officer Mr. Yousef Al Neama signed the commercial partnership MoU, while CEO of VTB Capital Investments Mr. Vladimir Potapov, signed it on the Russian side. Other top senior management representatives attended the ceremony from both sides.

The MoU aimed at developing business between both parties, in which they can mutually carry out various activities in investment management and advisory services on Debt, Equity and Real Estate markets.

According to the agreement, QNB and VTB in partnership will launch a Qatar Fund and Russian Fund to attract foreign capital into both markets and build a selection of offerings for international investors.

It is worth mentioning that QNB enjoys a reputable Asset and Wealth Management expertise, and its team of professionals had successfully worked to develop a leading platform of investment instruments covering equity, fixed income, structured products, real estate and commodity investments.

QNB Group’s presence through its subsidiaries and associate companies extends to more than 31 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is more than 27,000 operating through 1,000 locations, with an ATM network of more than 4,400 machines.

Vladimir Potapov, CEO of VTB Capital Investments and VTB Senior Vice President, said:

“We strive to create the most attractive opportunities that a relevant to the needs of our clients, which includes the diversification of investments by geography, and we expect a fund which focusses on investments in the Qatari economy will be extremely popular. We also aim to use our expertise in the debt and equity capital and real estate markets in Russia to attract international financing for the development of our country's economy. I am sure that our cooperation with QNB will benefit both the Russian economy, the emerging class of Russian investors, and the retail investment market of our country as a whole.”

For reference:

VTB Capital Investments is the largest investment platform in Russia, created in 2018, which includes several areas: management companies for Russian and international investors, brokerage services for retail clients, corporate clients and institutional investors, and servicing individuals in the Forex market. Provides a full range of investment services for a wide range of investors: retail, UHNWI, Russianand international institutional investors.

The volume of client assets of VTB Capital Investments - 3.9 trillion rubles, increasing 15% since the beginning of the year, while the assets of individual clients grew by 21.8% and reached 2.2 trillion rubles, the assets of clients - legal entities increased by 7.8% to 1.7 trillion rubles. The client base consist of over 1.5 million clients. The total trade turnover for the first 4 months in 2021 exceeded 12 trillion rubles, which is 2 times more than this indicator for the first 4 months of 2020. A special focus of the business is the development of a digital investment platform - the VTB My Investments mobile application, which implements online support for the maximum number of types of placements, which creates a competitive advantage and value for the client (IPO, SPO, placement of bonds, structured notes and own funds). VTB My Investments is regularly recognized as the best investment application on the Russian market through various competitions.

It won the Investfunds Awards in May. Today it is not only access to more than 10,000 different instruments on 33 exchanges of the world, but also high-quality analytics, news, investment ideas. The number of users using the application every day has grown by a third since the beginning of the year and exceeded 300 thousand. Every day, about 1 million transactions are made in the mobile application, the turnover of which is consistently above 100 billion rubles per day.