#Qatar’s $300 Billion Wealth Fund Realigns Structure Under CEO - Bloomberg

Qatar’s $300 Billion Wealth Fund Realigns Structure Under CEO - Bloomberg: 

The Qatar Investment Authority is streamlining its management structure, bringing together some of its most high-profile executives under one committee, according to people familiar with the matter. 

Under the new structure, four executives who run everything from the fund’s domestic businesses to investments in the U.S. and Asia will report directly to Chief Executive Mansoor Al Mahmoud, the people said, asking not to be identified as the matter is private. 

The reorganization was implemented recently to allow for more efficient running of the fund and is currently in effect, the people said. The new committee includes:

• Mohammed Al Sowaidi, who runs the fund’s North American operations
• Ahmed Al-Rumaihi, in-charge of QIA’s $100 billion domestic portfolio with investments in banks and airlines
• Faisal Bin Al-Thani, responsible for the fund’s Asia-Pacific and Africa investments
• Younes Belcadi, who is non-Qatari and head of public equities

Representatives for the QIA didn’t respond to messages seeking comment. The fund manages about $300 billion of assets and ranks as the 11th largest globally, according to the Sovereign Wealth Fund Institute.