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• Memorandum of Understanding offers places in the QInvest QTALENT internship program to CMU-Q students and new graduates
• QInvest professionals will make use of the executive education programs, research and strategic studies at CMU-Q
QInvest, Qatar's leading investment group and one of the world's most prominent Islamic financial institutions, and Carnegie Mellon University in Qatar (CMU-Q), a branch of Carnegie Mellon University in Pennsylvania, USA, signed a Memorandum of Understanding (MoU) to cooperate and coordinate in the fields of research and education.
The MOU will offer QInvest the opportunity to use CMU-Q's educational programs, research and strategic studies, as well as those from select schools at Carnegie Mellon's US campus. QInvest in return will provide CMU-Q's new graduates and students in their final year the opportunity to spend one month working at QInvest under the bank's QTALENT initiative.
The MOU was signed at QInvest's offices in Doha by Tamim Hamad Al Kawari, QInvest's chief executive officer, Farnam Jahanian, provost of Carnegie Mellon University, and Ilker Baybars, dean and CEO of Carnegie Mellon University in Qatar. The MOU signing was also attended by a consortium of the management team including Fadhel Annan, assistant dean for government and corporate affairs at CMU-Q, and QInvest's Duncan Walker, chief operations officer, Pascale Al Sabbagh, assistant vice president human resources, and Bassel Hanbali, QTALENT program coordinator and director/head of marketing, corporate communications and investor relations.
QTALENT is an internship program that QInvest developed to provide students and new graduates the opportunity to work in a challenging and dynamic environment across a wide variety of projects and sectors in Islamic financial services.
CMU-Q's Baybars praised QInvest's contribution to business education:
"QTALENT is a market-leading internship program, one which will truly benefit our students. It is invaluable experience for students to learn international best practices across investment banking and asset management before they begin their careers."
Al Kawari, QInvest's CEO, remarked:
"We are very pleased to have introduced this significant program. Developing the next generation of Qatar's workforce is extremely important to QInvest and we place significant emphasis on training and developing all of our young people. We are excited about this collaboration with CMU and we look forward to welcoming our new interns to QInvest later this year."
Essa Saud Al-Kawari, CSR program's spokesperson and QInvest's head of government and community relations and administration affairs, commented:
"Cooperation with leading educational institutions like CMU is an effective way of expressing our commitment and support to developing human capital. We at QInvest believe that finance is a key part of our economy and we are delighted to inspire the next generation of business leaders."
QTALENT seeks innovative thinkers with the ambition to propel the region's leading investment bank into the future. Successful candidates will be enrolled in an initial orientation course to equip them with the foundation to quickly adapt to working at QInvest. The remainder of the program is a mix of classroom-based learning and exposure to live deals and transactions.
At the invitation of Qatar Foundation, Carnegie Mellon joined Education City in 2004. Today the campus offers undergraduate programs in biological sciences, business administration, computational biology, computer science and information systems. Consistently top ranked, Carnegie Mellon has more than 13,000 students, 100,000 alumni and 5,000 faculty and staff globally. Nineteen Nobel Laureates and 12 Turing Award winners have called CMU home.
- Ends -
For enquiries:
Bassel Hanbali - Head of Marketing, Corporate Communications & Investor Relations
QInvest
Tel: +97466542099
Email: bassel.hanbali@qinvest.com
About QInvest
QInvest is Qatar's leading investment bank with operations across the Middle East, Africa and Europe, and one of the most prominent Islamic financial institutions in the world. QInvest has built world class investment and advisory capabilities, with the highest standards of governance and transparency underpinning its client-focused approach. The firm's priority is to deliver high-value propositions, considered solutions and tangible results for its clients and shareholders.
The firm has offices in Doha, Riyadh and Istanbul, as well as affiliates in India and the UK. Its team of investment professionals is the largest in the MENA region and provides a blend of broad international experience, deep regional knowledge and unparalleled relationships in Qatar. This reach and range of skills uniquely position the firm to facilitate the flow of business between Qatar, the region and global markets, making it a key institution in Qatar's international investment plans.
QInvest's three business divisions are Asset Management, Investment Banking and Principal Investments. It has unrivalled expertise in structuring Islamic products and provides clients with Sharia'a compliant solutions quickly and competitively.
QInvest was licensed by the Qatar Financial Centre Authority in April 2007 and is authorised by the Qatar Financial Centre Regulatory Authority. QInvest's shareholders include Qatar Islamic Bank, other institutional investors, as well as high-net-worth individuals. The firm has authorized capital of US$ 1 billion and paid up capital of US$ 750 million.
For further information, please visit www.qinvest.com
About Carnegie Mellon University in Qatar
For more than a century, Carnegie Mellon University has been an innovator in education, with programs that inspire creativity, collaborate across disciplines and educate some of the world's most influential thinkers. Consistently top ranked, Carnegie Mellon has more than 13,000 students, 100,000 alumni and 5,000 faculty and staff globally. Nineteen Nobel Laureates and 12 Turing Award winners have called CMU home.
At the invitation of Qatar Foundation, Carnegie Mellon joined Education City in 2004. Education City is a groundbreaking center for scholarship and research that is the ideal complement to Carnegie Mellon's mission and vision.
Carnegie Mellon Qatar offers undergraduate programs in biological sciences, business administration, computational biology, computer science, and information systems. Students from 37 countries enroll at our world-class campus.
To learn more, visit qatar.cmu.edu and follow us on:
Twitter: @CarnegieMellonQ
Instagram: @carnegiemellonq
Facebook: CarnegieMellonQ
YouTube: Youtube.com/CarnegieMellonQatar
© Press Release 2015
