| Sanabil al-Saudia, the Saudi sovereign wealth fund, has appointed the former Morgan Grenfell Private Equity star executive Scott Lanphere as its new head of direct investments. Lanphere's hire is among the first to come to light since the fund was launched in 2008.
Lanphere – dubbed the “six-million dollar man” by the press as a result of the package paid on his move from private equity firm Advent International to peer Morgan Grenfell Private Equity a decade ago – is to join Sanabil as head of direct investments, overseeing a $4.5bn private equity programme...............................................Full Article: Source
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