Strengthening State Street’s Growth in Qatar and QNB’s International PresenceState Street Corporation (NYSE: STT) and QNB Group today at the World Economic Forum (WEF), announced a strategic alliance to introduce a new custody servicing model in Qatar. Under this co-operation agreement, State Street and QNB Group have agreed to collaborate, with service agreements to be finalized and executed at a later date. “By leveraging State Street’s world-class global custody and value-added services, we are significantly enhancing our operational capabilities and service offering. State Street has a total of $12.92 trillion in asset under custody / administration and $841 billion of asset under management in EMEA. With $65 billion in assets under custody, QNB Custody serves a diverse client base, including global custodians, financial institutions, asset managers, and government entities.
