QINVEST announces the appointment of new Co-CEOs

QINVEST, a leader in Qatar’s investment banking sector, has issued a public statement announcing the decision of the board to appoint Mr. Hussain Abdulla and Mr. Hussein Fakhreddine as new Co-CEOs of the bank.

The former CEO, Mr. Tamim Al Kuwari has resigned from the position but will stay on for a while to ensure an ordered and seamless transition process. He will also remain on the firm’s board, to contribute to the firm’s strategic expansion plans. 

The Deputy CEO Mr. Michael Katounas has also announced that he is resigning from his post with immediate effect.

 “We would like to thank Tamim for his service as CEO. During his tenure, QINVEST witnessed remarkable achievements in the midst of a difficult global financial environment. We wish the new Co-CEOs all the best in the next phase of their respective careers,” H.E. Sheikh Jassim Bin Hamad Bin Jassim Al-Thani, Chairman of QInvest said.

Mr. Abdulla and Mr. Fakhreddine bring with them the knowledge and expertise acquired over 22 years of combined experience at QINVEST and over 30 years of experience in the financial sector.