Tuesday 20 March 2012

Ex-Deutsche banker tipped for top Bahrain SWF job - sources | Reuters

Salman al-Khalifa, a former top regional banker at Deutsche Bank in the Middle East, is the prime contender to run the $9 billion Bahraini sovereign wealth fund Mumtalakat, two sources familiar with the matter said.

Khalifa, who is a member of Bahrain's royal family, resigned in November as Deutsche's UAE country chief and head of global markets for Middle East and North Africa.

The al-Khalifa family rules Bahrain and many ministerial jobs in the Gulf Arab island kingdom are held by family members.

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