State Street expands presence in the Middle East

State Street Corp., a Boston company that provides financial services to institutional investors, today announced that it has expanded its presence in the Middle East and has opened a new office in Doha, Qatar.

(Above, a photo of the Doha skyline.)

"The Middle East is home to some of the largest and most sophisticated sovereign wealth funds in the world who stand to benefit from the broad range of solutions that State Street can offer," State Street executive vice president Peter O'Neill said in a statement. "Expanding and deepening our 15-year presence in the Middle East will be key to ensuring we take advantage of the many opportunities in the region."

State Street said it provides a range of investment services and asset management solutions to central, commercial and Middle Eastern banks; government institutions; and investment companies.
(By Chris Reidy, Globe staff)