Saudi Arabia’s Wealth Fund (PIF) Taps Insider to Run Investment Strategy

Saudi Arabia’s sovereign wealth fund tapped an insider who oversaw its financing activities to run its investment strategy and economic insights division as it hunts for cash to finance the kingdom’s ambitious economic transformation.

Fahad Al Saif will start in his new role immediately, according to a statement from the $925 billion Public Investment Fund on Tuesday. He will continue to lead the PIF’s global capital finance unit, overseeing government asset transfers and fundraising.