Singapore-based Pacific Star Group, one of Asia's fastest growing real estate investment houses, today announced it was granted a licence by the Qatar Financial Centre Regulatory Authority on August 27, 2009. Pacific Star is Qatar Financial Centre's first regulated financial services firm from Singapore. The licence allows Pacific Star Doha LLC to conduct regulated activities in respect of advising on investments and arranging deals on investments.
Dr Knut Riesmeier, president of the group's Qatar operations, said: "We're delighted to receive the licence from QFC. Qatar is an excellent base to grow our business platform in the Middle East and increase Pacific Star's funds raised from sovereign wealth funds, financial institutions, family offices and ultra-high-net-worth individuals in the region.
"We're excited about these opportunities and look forward to picking up operational pace now that the licence has been granted. The timing is right as markets in Asia are turning around
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