#Kuwait sovereign wealth fund's London unit appoints new CEO -Global SWF | Reuters

Kuwait sovereign wealth fund's London unit appoints new CEO -Global SWF | Reuters

Kuwait Investment Office (KIO), the London branch of Kuwait's sovereign wealth fund, has hired Abdulmohsin Al Mukhaizeem, investment chief at Kuwait's Wafra International Investment, as its new CEO, according to sovereign wealth fund tracker Global SWF.

Wafra is a subsidiary of Kuwait's public pension fund and Al Mukhaizeem was previously executive director of NBK Capital Partners, the alternative investments arm of Kuwait's top bank.

Kuwait's sovereign wealth fund, the Kuwait Investment Authority (KIA), does not disclose information about its subsidiaries but Global SWF said Kuwait Investment Office had been without a permanent CEO since last July after removing the previous incumbent.

"The position was vacant since July 2022, when the SWF reportedly removed Saleh Al-Ateeqi, highlighting potential internal divisions within the Kuwait fund," Global SWF said on Thursday, without giving more details on the divisions.