State Street and QNB form alliance
21 January 2026 Qatar
Image: Leonid Andronov/stock.adobe.com
State Street and QNB Group have announced an alliance to introduce a new custody servicing model in Qatar, today at the World Economic Forum (WEF).
Under this co-operation agreement, State Street and QNB Group have agreed to collaborate, with service agreements to be finalised and executed at a later date.
Bringing together State Street’s global scale and QNB’s local insight, this alliance aims at enhancing service delivery for clients and reinforcing the two institutions’ combined presence in Qatar’s financial market.
Ron O’Hanley, chairman and CEO at State Street, says: “This new servicing model creates significant synergies, enabling us to deliver enhanced solutions to clients across the region.
“QNB’s scale and network in Qatar are important to State Street as we invest further to support GCC clients in capturing opportunities driven by the region’s economic transformation.”
Abdulla Mubarak Al-Khalifa, CEO at QNB Group, adds: “This strategic alliance with State Street marks a pivotal moment for QNB Group and is fully aligned with our vision for sustained international expansion and market leadership.
“By leveraging State Street's world-class global custody and value-added services, we are significantly enhancing our operational capabilities and service offering.
“This collaboration is instrumental in further solidifying our position as a dominant financial institution both locally and across our expanding international footprint, allowing us to leverage State Street’s global expertise to expand our offerings and strengthen client relations, driving robust growth in key markets outside of Qatar.
“We are creating a superior servicing model that reflects our unwavering commitment to strategic partnerships, while maximizing stakeholder value on a global scale.”
Under this co-operation agreement, State Street and QNB Group have agreed to collaborate, with service agreements to be finalised and executed at a later date.
Bringing together State Street’s global scale and QNB’s local insight, this alliance aims at enhancing service delivery for clients and reinforcing the two institutions’ combined presence in Qatar’s financial market.
Ron O’Hanley, chairman and CEO at State Street, says: “This new servicing model creates significant synergies, enabling us to deliver enhanced solutions to clients across the region.
“QNB’s scale and network in Qatar are important to State Street as we invest further to support GCC clients in capturing opportunities driven by the region’s economic transformation.”
Abdulla Mubarak Al-Khalifa, CEO at QNB Group, adds: “This strategic alliance with State Street marks a pivotal moment for QNB Group and is fully aligned with our vision for sustained international expansion and market leadership.
“By leveraging State Street's world-class global custody and value-added services, we are significantly enhancing our operational capabilities and service offering.
“This collaboration is instrumental in further solidifying our position as a dominant financial institution both locally and across our expanding international footprint, allowing us to leverage State Street’s global expertise to expand our offerings and strengthen client relations, driving robust growth in key markets outside of Qatar.
“We are creating a superior servicing model that reflects our unwavering commitment to strategic partnerships, while maximizing stakeholder value on a global scale.”
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