Saudi PIF appoints two new deputy governors as it targets more than $1 trillion in AUM

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Tue, 2021-06-08 12:03

RIYADH: Saudi Arabia’s Public Investment Fund (PIF) said on Tuesday it has created two new deputy governor roles to help drive its expansion.
Turqi Alnowaiser, who heads the international investments division, and Yazeed Alhumied, who leads the MENA investments division, will take on their deputy governor roles alongside their current responsibilities, the PIF said in a statement on Tuesday.
There will be no changes to the current reporting structures to Governor Yasir Al-Rumayyan, nor to the existing structure of the Fund’s business units, the PIF said.
PIF aims to reach assets under management of over $1.07 trillion by 2025 while investing $40 billion annually into the local economy during the same time period.

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