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QFC authorises State Street MENA LLC

Posted: 26 August 2008

The Qatar Financial Centre Regulatory Authority (QFCRA) has granted authorisation to State Street Middle East North Africa (MENA) LLC, to carry on Regulated Activities in the QFC. State Street MENA LLC is a local subsidiary of State Street Corporation, one of the world's leading providers of financial services to institutional investors.

Welcoming State Street to the QFC, QFCRA Chairman and Chief Executive Phillip
Thorpe commented: "The QFCRA is pleased to grant authorisation to a global financial institution such as State Street. We recognise that such firms will make a very positive contribution to the development of Qatar's financial services sector."

Mr. Thorpe added: "The QFCRA is committed to ensuring a high quality regulatory framework based on international standards to manage the rapid growth in the sector. We look forward to seeing the continued interest from leading regional and international institutions in the opportunities that Qatar offers."

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