Saudi sovereign fund appoints ex-CEO of Dow Chemical as special adviser

The Public Investment Fund has appointed Andrew Liveris, the former chairman and chief executive of Dow Chemical, as a special adviser. (Reuters)
Updated 02 September 2018
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Saudi sovereign fund appoints ex-CEO of Dow Chemical as special adviser

  • Liveris to advise on matters of strategic importance
  • PIF manages over $250 billion in assets

Saudi Arabia’s sovereign fund has appointed Andrew Liveris, the former chairman and chief executive of Dow Chemical, as a special adviser, it said on Sunday.
Liveris will work closely with the Public Investment Fund (PIF) on matters of strategic importance, assist the fund in efforts to boost the value of its portfolio, and ensure the contribution of PIF companies to Saudi Arabia’s economic vision program 2030, the fund said in a statement.
The PIF, which manages more than $250 billion in assets, aims to increase its asset portfolio to $400 billion by 2020.


Deutsche Bank appoints Riyadh GM

Updated 18 September 2018
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Deutsche Bank appoints Riyadh GM

  • German banking titan expects more deal flow from Kingdom
  • Deutsche Bank established base in Saudi Arabia in 2006

LONDON: Deutsche Bank has appointed Mohammed Alajmi as general manager of Deutsche Bank Riyadh Branch in Saudi Arabia.
He will have oversight of the bank’s business regulated by the Saudi Arabian Monetary Authority (SAMA), Deutsche Bank said in a statement.
The German banking giant originally established its Riyadh branch in 2006.
Alajmi joined Deutsche Bank in 2012 after more than a decade of working at local financial institutions in the Kingdom.
He was appointed chief operating officer in June 2015 overseeing the bank’s activities across all businesses and infrastructure functions.
The group expects to boost regional hiring this year, driven by expected corporate bond sales and initial public offerings, Bloomberg reported in February.