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Al Mukhaizeem to head Kuwait fund’s London office

Kuwait investment Wafra Investment
Kuwait Investment Authority appoints Abdulmohsin Al Mukhaizeem as CEO of its London office
  • Sovereign wealth fund has $800bn in assets
  • New CEO comes from Wafra Investment Company

The Kuwait Investment Authority has appointed Abdulmohsin Al Mukhaizeem as president and chief executive officer of its London branch.

A subsidiary of the KIA’s headquarters in Kuwait, the Kuwait Investment Office (KIO) in the UK capital manages part of the Future Generations Fund (the savings portion of the sovereign wealth fund).

This includes a portfolio of securities as well as real estate subsidiaries St Martins and Cale Street, and infrastructure investment company Wren House.

Al Mukhaizeem was previously chief investment officer of Wafra Investment Company, a subsidiary of Kuwait’s Public Institution for Social Security. 

He replaces former McKinsey partner Saleh Al Ateeqi who had been tasked on his appointment in 2018 with modernising the KIO but vacated the role in July last year, according to sovereign wealth fund tracker Global SWF.

Al Ateeqi was temporarily replaced by Hussain Al Halabi, an internal director who has occupied seats on the boards of St Martins and other subsidiaries since July 2017.

The KIA has more than $800 billion in assets under management, according to figures from the International Monetary Fund, making it the second largest SWF in the GCC behind Abu Dhabi’s ADIA.