Jacques Aigrain and Arnab Banerji join the Board of the QFC Authority

Following Council of Ministers approval, the Qatar Financial Centre Authority is pleased to announce the renewal of the QFC Authority Board term and the appointments of Jacques Aigrain (pictured) and Arnab Banerji as new Non-Executive Directors. 

Mr. Aigrain is Chairman of LCH.Clearnet Group Limited – a major, London-based international clearing house – and his previous roles include being CEO of Swiss Re from 2006 to 2009. Dr Banerji is Chairman of Collabrium Capital, an emerging markets investment house, and his previous roles include that of Senior Policy Advisor on Economic Affairs to the then UK Prime Minister, Tony Blair.

The Council of Ministers confirmed the renewal of the QFC Authority Board for a third successive term of three years.  H.E. Yousef Hussain Kamal, Minister of Economy and Finance, continues in his role as Chairman of the QFC Authority Board and H.E. Sheikh Jassim bin Abdulaziz Al-Thani continues as Deputy Chairman.

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The QFC Authority’s very senior and highly experienced Board is completed by Mr. Abdulrahman Ahmad Al-Shaibi, who continues in his role as Managing Director; Mr. Rashid Ali Al-Masoori, currently Deputy CEO of the Qatar Exchange, who continues as a Board Member; and Mr. Bob Wigley, currently Chairman of Yell Group plc and previously Chairman of Merrill Lynch Europe, Middle East and Africa, who was appointed to the Board in December 2011.

Commenting, Mr. Abdulrahman Ahmad Al-Shaibi, Managing Director of the QFC Authority, said: “I am delighted to welcome our new Non-Executive Directors and very much look forward to working with them over the coming years.  Their considerable experience and complementary expertise will be of significant benefit as we move forward with our three hub strategy and with the further development of Doha as a leading financial centre. They particularly bring to the QFC Authority a broad range of skills in insurance and asset management, which lie at the heart of our vision for the QFC Authority’s future.”

Jacques Aigrain said: “I am delighted to be joining the Board of the QFC Authority at this exciting time for Doha and for the Authority’s three hub strategy.  Not only does Qatar have much to offer the global asset management industry but, as the recent MultaQa Qatar clearly demonstrated, the growth potential of the insurance industry in Qatar and the wider region is very considerable indeed.”

Arnab Banerji said: “Qatar’s rapid recent development, both as a ‘player’ on the international stage and as a financial centre, has been a remarkable success story.  I look forward to working with my new colleagues and to playing my part in the on-going growth of Qatar’s financial services industry.”