Friday SWFI News Roundup, March 20, 2015

Libya Sovereign Wealth Fund Convenes Board Meeting in Malta

The Board of Directors of the Libyan Investment Authority (LIA) had its first 2015 meeting in Malta this week. The meeting was held to discuss LIA’s global investments, as well as pending litigation against Goldman Sachs and other banks regarding derivative transactions. The LIA opened up a Malta office due to the current conflict and violence occurring in Libya.

Singaporean Sovereign Wealth Fund Contemplates Investment in Capillary Technologies

Singapore’s Temasek Holdings is looking to invest in an US$ 80 million round in Bangalore-based Capillary Technologies Pvt Ltd, a cloud-based CRM solutions provider. In July 2014, the company raised US$ 14 million in Series B led by existing investor Sequoia Capital and Norwest Venture Partners. Capillary Technologies was founded by Aneesh Reddy, Krishna Mehra and Ajay Modani.

RBC Investor & Treasury Hires JP Morgan’s EMEA Investor Services Executive

Francis Jackson is joining RBC Investor & Treasury Services, replacing Antony (Tony) Jackson, who went to RBC Wealth Management. Jackson will be in a senior sales role. He was head of Europe, the Middle East and Africa sales, investor services, at J.P. Morgan Chase.

Mubadala Petroleum to Explore Moroccan Offshore

Mubadala Petroleum, a sovereign wealth enterprise (SWE) of Mubadala Development Co., has reached a deal with Morocco’s Office National des Hydrocarbures et des Mines (ONHYM) to perform a punctilious geological survey of the Mediterranee Ouest offshore area.

Commenting on the agreement from the press release, Musabbeh Al Kaabi, Chief Executive Officer, Mubadala Petroleum, said, “We are pleased to be able to build on the strong relationship between the U.A.E. and Morocco in this tangible way. We very much hope this agreement will pave the way for further co-operation with ONHYM both on the more detailed exploration of the Mediterranee Ouest area and in other projects.”

Ghana Looks to Spend SWF Money to Cover Budget Shortfall

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