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Sovereign Wealth Funds Briefing - Categorized | Market, People

Angola wealth fund head denies plan to succeed president, his father

Posted on 13 November 2013

The new head of Angola’s $5 billion sovereign wealth fund (FSDEA) said on Tuesday his appointment by his father, President Jose Eduardo dos Santos, was not part of a campaign to groom him for the presidency.
Jose Filomeno dos Santos, who was appointed to head the fund’s board in June, said he had long been in the financial sector, dismissing speculation that his 71-year-old father might try to forge a dynasty in Africa’s second biggest oil producer………………………………………..Full Article: Source


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