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Fahad Abdullah Al-Mubarak Takes #2 on Public Investor 100-2015

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Fahad Abdullah Al-Mubarak

Fahad Abdullah Al-Mubarak

SWFI Staff has released the Public Investor 100. He ranks 2 out of 100 for the SWFI Public Investor 100 – 2015.

To see the full rankings

Governor Fahad Abdullah Al-Mubarak of the Saudi Arabian Monetary Agency (SAMA) has experienced the toughest reign in over two decades at the central bank giant. Al-Mubarak is tasked to manage a decline in foreign reserves from low oil prices and growing government spending. Appointed by the previous Saudi King, Al-Mubarak comes from the private sector where he was chairman and managing director of Morgan Stanley’s Saudi Arabian division. This bucks traditions of promoting internally at SAMA (his predecessor Muhammad Al-Jasser served in other SAMA roles before becoming governor.) Al-Mubarak is an expert in private markets and has navigated the privatizations of Saudi Telecom and others. He was also chairman of the Saudi stock exchange (Tadawul.)

Al-Mubarak quickly became known as a master networker, a reputation that grew when he became engaged with more Saudi businesses. For six years, he was a member of the Shura Council, a respected consultative body which advises the Kingdom on various matters. He was vice chairman of its economic and energy committee.

Al-Mubarak is from Hofuf in the Kingdom’s eastern province of Al Ahsa. A stark contrast from Buraidah region, north of Riyadh, where many Saudi bureaucrats come from. Like many central bank governors, Al-Mubarak started his career in academia. He was an Assistant Professor at King Fahd University of Petroleum and Minerals.

Ascendas-Singbridge Acquires Three Hotels in Osaka

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Singapore’s Ascendas-Singbridge has acquired three hotels in Osaka for 10.29 billion JPY to tap tourism growth in Japan’s third-largest city.

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BlackRock Contemplates Stake in Eurizon

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Asset management giant BlackRock is contemplating purchasing a 30% ownership stake in Intesa SanPaolo’s asset management unit called Eurizon Capital SGR S.p.A. BlackRock is keen on growing its technology business and increase market adoption of its Aladdin platform.

Intesa has been working with UBS to seek out strategic options for Eurizon. Intesa is keen on maintaining control over Eurizon.

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SWFI First Read, June 22, 2018

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JPMorgan Fund Buys 40% of Oxford Properties’ French Portfolio

A fund advised by JP Morgan Asset Management committed €400 million in Oxford Properties’ French portfolio. Essentially, Oxford Properties sold a 49.9% non-managing interest in 32 Rue Blanche, 92 Avenue de France and Paris Bastille. Oxford Properties made its maiden investment in Paris in 2014 when it acquired 32 Rue Blanche.

Oxford Properties is the real estate unit of OMERS.

Temasek Explores Further Cash Commitments to FirstCry

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