Qatar sovereign wealth fund replaces chief executive

Qatar sovereign wealth fund replaces chief executive
1 min read
19 September, 2018
After four-years in the job, Sheikh Abdullah Bin Mohammed al-Thani has stepped down from his position as CEO of the Qatar Investment Authority.
Qatar owns a number of properties in New York and London [Getty]
Qatar Investment Authority (QIA) saw a new chief executive appointed to manage the multi-billion dollar sovereign wealth fund on Tuesday.

Mansoor bin Ebrahim al-Mahmoud was named as successor to Sheikh Abdullah Bin Mohammed al-Thani, who serves for four years as CEO of the QIA and has been appointed as minister of state. 

Mahmoud has previously worked at the QIA in risk management, before heading Qatar Museums in 2014. 

He has worked in other high-profile positions, including as the Qatar prime minister's director of investment affairs, and CEO of Qatar Development Bank.

QIA holds assets of around $340 billion in assets, and has holdings in a number of projects and big-name brands such as Harrods.

Qatar has being subject to a blockade by a Saudi-led coalition since June 2017, after allegations of sponsoring extremist groups - charges Doha strongly denies.

Doha has said its $340 billion wealth fund will protect it from any financial hardships resulting from the blockade.