"The new head of Qatar's sovereign wealth fund, Ahmad al-Sayed, is known and feared as a hard, aggressive negotiator - and his appointment signals the fund's ambitious overseas acquisition plans are likely to continue.
Qatar's newly-crowned emir removed former Prime Minister Sheikh Hamad bin Jassim al-Thani as chief executive at Qatar Investment Authority (QIA) on Tuesday, replacing him with Sayed, a lawyer previously in charge of running the fund's investment arm.
The fund, with estimated assets of $100-$200 billion, has been actively deploying the nation's riches from natural gas in recent years in a string of high-profile assets ranging from German sports-car maker Porsche to British bank Barclays and Swiss lender Credit Suisse."
'via Blog this'
No comments:
Post a Comment