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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, People

Sovereign wealth fund kicks off as board is unveiled

Posted on 29 August 2012

The Federal Government on Tuesday moved closer to joining most of its OPEC partners in steering oil revenues into longer-term investment, announcing a top management team for its new Sovereign Wealth Fund (SWF).
Addressing journalists in Abuja, the Coordinating Minister of the Economy and Minister of Finance, Ngozi Okonjo-Iweala said the Federal Government has approved the appointment of Mahey Rasheed, a member of the board of First Bank, as the board chairman of the Nigerian Sovereign Investment Authority while Uche Orji, UBS executive and former JP Morgan head is to serve as the managing director of the institution………………………………………..Full Article: Source


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