Rashid Bin Ali al-Mansoori has been named the new chief executive officer of Qatar Exchange (QE), the bourse said on Wednesday, replacing Andre Went who will now work with the firm as a strategic advisor.

Mansoori, who is currently the deputy chief executive of the bourse, has previously worked with Qatar Investment Authority, the Gulf state's sovereign wealth fund, a statement from Qatar Exchange said on Wednesday.

"The appointment of Al-Mansoori.... comes in line with the general policy of the State of Qatar of appointing highly-qualified Qataris in leading positions in government and semi government institutions," Ali al-Abdulla, acting chairman of the exchange's board said in the statement.

Went had joined the exchange in 2009 as part of a strategic partnership with NYSE Euronext. – Reuters