Executive Moves
Sovereign wealth
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Saudi wealth fund is said to hire head of US$111b portfolio
Saudi Arabia's sovereign wealth fund, which is being transformed into a US$2 trillion investment giant, has hired Rashed Sharif as head of domestic investments, according to two people familiar with the matter. Mr Sharif, who was previously chief executive officer of Riyad Bank's investment-banking unit, will be responsible for managing…
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Click here to read the full story: The Business Times