Two of the Largest SWFs in the World Announce Shake-Ups in Leadership

February 24, 2017 by Loch Adamson

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This week, two of the largest sovereign wealth funds in the world announce changes in their senior leadership. On Monday, the Kuwait Investment Authority (KIA) revealed that it plans to replace Managing Director Bader Al-Saad; on Friday, China Investment Corp. (CIC) announced that its Chairman and CEO, Ding Xuedong, had resigned. In other news, Noway's government seeks to raise the percentage of global equities the world's largest sovereign wealth fund can invest in, and Morocco and Ghana's sovereign wealth funds sign a collaborative agreement to co-invest in projects across Africa. CIC’s Chairman and CEO Ding Xuedong Resigns Ding Xuedong, the chairman and chief executive of the sovereign wealth fund China Investment Corp (CIC), has resigned, according to local media reports. No explanation was given, but Institutional Investor’s Asia Bureau Chief, Allen Cheng, says that Ding – who has gained renown for his work in radically restructuring CIC since…

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