PIF Gains a Treasurer and Looks to Leverage Assets

November 01, 2017 by Loch Adamson

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This week, Saudi Arabia's Public Investment Fund appoints a London-based financial expert to its top management team; PIF also reveals plans to leverage its growing $224 billion portfolio; and Norway's domestic Government Pension Fund loses its CEO, Olaug Svarva. PIF Appoints BofA Merrill Lynch Executive as Treasurer After a heady week in which Saudi Arabia’s Public Investment Fund (PIF) hosted more than 3,500 delegates at its Future Investment Initiative conference in Riyadh — dubbed "Davos in the desert" — the fund has revealed that it plans to appoint a London-based financier to its top management team. PIF, which has been quietly hiring experts over the past 12 months to help reshape its $224 billion investment portfolio, will be adding…

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