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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Fund Profile/New Launches

Africa: Nigeria’s sovereign wealth fund steps forward

Posted on 19 September 2012

Nigeria made progress setting up its new sovereign wealth fund last month, with the appointment of the fund’s board and senior management. Alhaji Mahey Rasheed, a member of the board at First Bank of Nigeria – the country’s third-largest lender – will be chairman.
The chief executive will be Uche Orji, a telecoms and technology banker at UBS. He will assume office next month. Stella Ojekwe-Onyejeli, a risk executive at Barclays, will be chief risk officer. The position of chief investment officer is being re-advertised, after the previous candidate was dropped. The finance ministry says KPMG, which led the search for the positions, received 730 applications………………………………………..Full Article: Source


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