Singapore’s Temasek Holdings CEO Ho Ching will retire from the state investment firm on October 1, 2021. She assumed the role of Chief Executive Officer of Temasek on January 1, 2004. She will be succeeded by Dilhan Pillay Sandrasegara, CEO of Temasek International. Dilhan Pillay has held this position since 2019. In 2011, Ho Ching […]
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LONDON (Reuters) - A lawyer representing the Kuwait Investment Authority’s London office has told an employment tribunal that the fund should be covered by diplomatic immunity in a legal wrangle involving former staff who accuse it of victimisation.
Former fixed income head Simon Hard and another former staff member are pursuing an employment tribunal case against the Kuwait Investment Office (KIO), part of one of the world’s largest sovereign wealth funds, for alleged victimisation, discrimination and so-called whistleblowing detriment.
The former employees are themselves being sued by the fund over an alleged conspiracy to award unlawful pay rises, which they deny, but the High Court in July granted them a stay of application in that case in order to allow them to go ahead with their employment tribunal.
Region’s economies will benefit from Gulf-Qatar deal MENASource by Tim Fox
Journalists watch a screen showing the Saudi Arabia s Crown Prince Mohammed bin Salman welcoming Qatar s Emir Sheikh Tamim bin Hamad al-Thani upon his arrival to attend the Gulf Cooperation Council s (GCC) 41st Summit, at the media centre in Al-Ula, Saudi Arabia January 5, 2021. REUTERS/Ahmed Yosri
The dispute and blockade between Qatar and its Gulf Cooperation Council (GCC) neighbors in June 2017 have finally come to an abrupt end, bringing to close a strange four-year chapter in Gulf relations, which undoubtedly contained business and economic costs as well as serious political and social ones.
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Environmental, social and governance standards are at the heart of investment strategies of sovereign wealth funds in the UAE as they look to deploy tens of billions of dollars at home, across the broader Middle East and North Africa region and elsewhere in the world.
“Like all investors, we are convinced that sustainability is extremely important, which is becoming even more important in the future,” Jean-Paul Villain, the director of Adia s strategy and planning department said on Wednesday.
“When we look at ESG … to spell out that G [governance], is something which portfolio managers have always done … it is something which is part of our activities and our approach,” he told an online panel during the Abu Dhabi Sustainable Finance Forum.
[DOHA] Qatar's sovereign wealth fund is looking east for deals in an effort to diversify an investment portfolio heavily weighted toward North America and Europe. Read more at The Business Times.