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Sovereign Wealth Funds Briefing - Categorized | People

Angola to name new head of $5 bln wealth fund after cabinet reshuffle

Posted on 08 May 2013

Angola’s government plans to appoint a new chairman for its $5 billion sovereign wealth fund, with Armando Manuel stepping down from the post after he was appointed as the oil rich-country’s finance minister, a spokeswoman for the fund said on Tuesday.
“The fund (FSDEA) confirms that Armando Manuel will leave the post of chairman in order to concentrate on his new position,” the spokeswoman said in written comments to Reuters. President Jose Eduardo dos Santos on Monday replaced his finance and construction ministers, in the first cabinet re-shuffle since elections last August………………………………………..Full Article: Source


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