HSBC has established an investment banking division in the middle eastern state of Qatar to be headed by Kapil Chadda, director of investment banking.

Mukhtar Hussain, joint chief executive of HSBC corporate, investment banking and markets said: "Qatar is currently experiencing the fastest growth of any economy in the world. It is important for HSBC to have the capabilities on the ground."

HSBC launch investment banking business in Qatar

Anna-Marie Hotte

HSBC

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The announcement comes as USS Investment Management said it won’t bid for the property firm.

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The U.S. private-equity firm said t decided not to begin a tender offer for the Japanese software company after consulting with Fuji Soft founder Hiroshi Nozawa.

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Financial News

British Billionaire Chris Rokos Wants $150 Million for His Florida Mansion

KKR Floats $1.97 Billion Non-Binding Offer for London-Listed Assura

Bain Capital Ends Pursuit of Fuji Soft

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Tencent Shares Rise as App Launches DeepSeek Testing