(Bloomberg) -- When BlackRock Inc. landed a $5 billion investment pledge from Riyadh in April, pictured smiling alongside Larry Fink and Public Investment...
-- When BlackRock Inc. landed a $5 billion investment pledge from Riyadh in April, pictured smiling alongside Larry Fink and Public Investment Fund Governor Yasir Al Rumayyan was an executive seen as a rising force within the sovereign investor.Belfast’s Grand Central Station Creates New Era for Northern Ireland’s Public TransportThat man, Yazeed Al Humied , is one of the fund’s two deputy governors and runs its Middle East and North Africa unit.
In one sign that he’s been groomed for a higher profile role, Al Humied is among executives who have been offered training similar to what was made available to Al Rumayyan, according to one of the people. This includes language coaching and tips on how to interact with executives at the top echelons of world finance, the person said.Representatives for the fund declined to comment.
BlackRock, for one, has been intensifying efforts to expand in the kingdom. The world’s largest asset manager has committed to build a Riyadh-based investments team as part of an agreement shepherded by Al Humied’s group. This also means Al Humied is an influential voice on who gets to be part of management teams at multiple PIF portfolio firms. People familiar with the matter said he often fields calls from local executives jostling for a plum role, adding to his influence.At the same time, international proposals aren’t getting as much traction at the PIF’s investment committee, according to one person familiar with the matter.
Yazeed Al Humied Al Humied Al Rumayyan Blackrock Inc Al Nowaiser Bloomberg Saudi Arabia
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US regulator approves BlackRock's $12.5 billion deal for Global Infrastructure PartnersUnder the deal, which was announced earlier this year, BlackRock said it would pay $3 billion in cash and roughly 12 million BlackRock shares to acquire the ...
Read more »
Boeing's shares rise after tentative labor deal that could avert major strikeIf approved, the proposed four-year contract, which includes a general wage increase of 25% and a commitment to build the next commercial plane in the...
Read more »
'The deal is done:' NDP Leader pulls out of supply and confidence deal with LiberalsOTTAWA — NDP Leader Jagmeet Singh has 'ripped up' the supply and confidence deal with the Liberals that helped keep the minority government in power. 'The deal is done,' Singh tweeted, early Wednesday afternoon.
Read more »
'The deal is done:' NDP Leader pulls out of supply and confidence deal with LiberalsOTTAWA — NDP Leader Jagmeet Singh has 'ripped up' the supply and confidence deal with the Liberals that helped keep the minority government in power. 'The deal is done,' Singh tweeted, early Wednesday afternoon.
Read more »
'The deal is done:' NDP Leader pulls out of supply and confidence deal with LiberalsOTTAWA — NDP Leader Jagmeet Singh has 'ripped up' the supply and confidence deal with the Liberals that helped keep the minority government in power. 'The deal is done,' Singh tweeted, early Wednesday afternoon.
Read more »
'The deal is done:' NDP Leader pulls out of supply and confidence deal with LiberalsOTTAWA — NDP Leader Jagmeet Singh has 'ripped up' the supply and confidence deal with the Liberals that helped keep the minority government in power. 'The deal is done,' Singh tweeted, early Wednesday afternoon.
Read more »