Qatar's QIA Chief Is Said to Leave $320 Billion Wealth Fund - Bloomberg

Qatar's QIA Chief Is Said to Leave $320 Billion Wealth Fund - Bloomberg:

The chief executive officer of the Qatar Investment Authority is leaving the firm after almost four years at the helm of one of the world’s largest sovereign funds, according to people with knowledge of the matter.

The reasons behind the surprise departure of Qatari royal Sheikh Abdullah Bin Mohammed Al Thani, weren’t immediately clear and a replacement is yet to be officially named, the people said on condition of anonymity. A spokesman for the QIA wasn’t immediately able to comment.

Sheikh Abdullah was appointed in December 2014, replacing Ahmed Al-Sayed. Before joining the fund, he had served as the chairman of Ooredoo QSC, the country’s largest telecommunications company, since 2000. Sheikh Abdullah led the company’s expansion into Kuwait, Indonesia and more than a dozen other countries in Africa and Asia.