News

Saudi’s PIF hires new chief economist

HandshakePublic Investment Fund (PIF), the Saudi-based sovereign wealth fund, has appointed a former International Finance Corporation (IFC) executive as its new chief economist. Ted Chu held the same position at the IFC, a subsidiary of the World Bank, since September 2014. Chu, who was born in China, has also been a chief economist for the Abu Dhabi Investment Authority and assumed similar roles for the likes of General Motors, consultant Arthur D. Little and a Silicon Valley medical startup called Decision Focus. His appointment comes as the PIF, which is chaired by the crown prince Mohammed Bin Salman, embarks on an ambitious expansion plan. It currently manages around $250 billion in assets and is looking to increase this to more than $600 billion by 2020. The PIF is also planning to add 250 new employees to its workforce and to open offices in London and the US later this year. ©2019 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Jan 04, 2019

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

Roundtables

ROUNDTABLE: Hooked to the global caravan

Jan 04, 2019

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.