Khazanah Nasional Could Close UK and Turkish Offices

Posted on 03/20/2019

Malaysia’s Khazanah Nasional Berhad is contemplating shuttering its London office, not so much over issues with Brexit, but in a bid to save money on costs, as the wealth fund shifts its strategic focus. Khazanah is also scaling back its presence in Turkey, as the wealth fund does not need a significant presence there.

However, the wealth fund is keen on keeping offices in China and the United States, due to access to technology investments.