Monday 27 February 2012

Head of Bahrain sovereign wealth fund quits - FT.com

The head of Mumtalakat, Bahrain’s state holding company, has resigned after a four-year term to return to the private sector.
The move looks set to boost the Gulf state’s troubled financial sector, but it has also raised concerns about the erosion of reformists from leading government roles.

Talal al-Zain said he was proud of the achievements of his term as chief executive of the sovereign wealth fund, managing state companies such as Aluminium Bahrain and national carrier Gulf Air.

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