UPDATE 1-C.Suisse in asset management venture with Qatar

* Venture to be named Aventicum Capital Management

* To operate out of two hubs, including Doha

* C.Suisse Qatar CEO Hangari in charge of venture

* To focus on MEast, Turkey and other frontier markets

(Adds details)

DUBAI, Nov 6 (Reuters) - Credit Suisse Group has set up an asset management venture with key shareholder and sovereign wealth fund arm Qatar Holding, the Swiss banking group said on Tuesday.

The new venture, named Aventicum Capital Management, will focus on investments in the fast-growing emerging and frontier markets of the Middle East and Turkey as well as operate an international business, Credit Suisse said in a statement.

The business will be run by Aladdin Hangari, the bank's Qatar chief executive, with Martin Keller, Credit Suisse's head of asset management for Europe, Middle East and Africa (EMEA) chairing the board of directors, Credit Suisse said.

Hashem Monatasser, previously the asset management head of EFG Hermes, will be the chief executive and chief investment officer of the Doha-based business.

Gas-rich Qatar is aiming to create an asset management hub in the region and is providing a platform for financial services and asset management firms through Qatar Financial Centre, positioned as its answer to glitzier Dubai's financial centre.

Earlier in April, Qatar signed a deal to co-invest $250 million with Barclays' natural resources private equity investment unit.

Qatar Holding, the investment arm of sovereign fund Qatar Investment Authority, is among the top shareholders in Credit Suisse along with Saudi Arabia's Olayan Group.

(Reporting by Dinesh Nair; Editing by Mark Potter)