The Qatar Investment Authority (QIA) has nabbed a top London banker to head up its international investment activity.
The sovereign wealth fund is looking to expand its global portfolio and has appointed Ken McLaren, currently a London-based managing director of Bank of America Merrill Lynch, to oversee any international acquisitions, according to a Sky News report.
The QIA has a number of substantial holdings in the UK including stakes in Barclays, Sainsbury’s, the London Stock Exchange and Glencore.
McLaren is expected to take up his new post before the end of the year.
His appointment follows a recent reshuffle of the fund’s senior management with Mansoor bin Ebrahim Al Mahmoud replacing Sheikh Abdullah Bin Mohammed Al Thani as chief executive.
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