Programme

The trend towards setup and development of sovereign wealth funds has been gaining momentum in the last few years. In 2016, the total value of all states’ sovereign funds exceeded USD 7 trillion. Sovereign funds play an important role in ensuring global financial stability and macroeconomic regulation. How can we evaluate the impact of sovereign funds on the global economy? Can sovereign funds drive national economic growth? Should cash lie still in funds or be put to work? How can we ensure transparent and efficient use of sovereign fund resources?

Moderator:
Geoff Cutmore , Anchor, CNBC

Geoff Cutmore

Anchor, CNBC

Geoff Cutmore anchors CNBC’s flagship Squawk Box programme in EMEA. The three hour show, which broadcasts worldwide five days a week, bookends the opening of European equity markets and is a must see for financial professionals, C-suite executives and investors. Cutmore is one of CNBC’s most experienced presenters, with more than 15 years dedicated to financial broadcasting. He has anchored programmes for CNBC in both Europe and Asia, having spent a number of years working in Hong Kong. Cutmore covers the most important senior business gatherings for CNBC including the World Economic Forum meetings in Davos and China and the United Nations Climate Change Conference, where he has interviewed the world’s top CEOs, economists and political leaders. He has reported on the most important issues facing the global economy today and has also led special programming on Central and Eastern Europe, climate change and the global energy challenge. Cutmore is a contributor to business and finance magazines including the Economist, Investors Chronicle and Money Market. His first book on the markets, New Market Mavericks, was well received.

Panellists
Waleed Al Mokarrab Al Muhairi , Deputy Group Chief Executive Officer, Chief Executive Officer, Alternative Investments and Infrastructure, Mubadala Investment Company
Mahmood H. Alkooheji , Chief Executive Officer, Bahrain Mumtalakat Holding Company
Laurent Vigier , Chairman, Chief Executive Officer, CDC International Capital
Kirill Dmitriev , Chief Executive Officer, Russian Direct Investment Fund (RDIF)
Tadashi Maeda , Chief Executive Officer, Executive Managing Director, Japan Bank for International Cooperation (JBIC)

Waleed Al Mokarrab Al Muhairi

Deputy Group Chief Executive Officer, Chief Executive Officer, Alternative Investments and Infrastructure, Mubadala Investment Company

Mr. Waleed Al Mokarrab Al Muhairi serves as the Deputy Group Chief Executive Officer, Chief Operating Officer and Chief Executive Officer of Emerging Sectors of Mubadala Development Company PJSC. Waleed is also a member of Mubadala’s Investment Committee. The committee is mandated to develop the company’s investment policies, establish investment guidelines and review all proposed projects and investments to ensure they are in line with Mubadala’s business objectives. In addition to his position as Chief Operating Officer of Mubadala, Waleed is a member of the Board of Directors of several key Mubadala Group and other operational businesses. He currently serves as Chairman of the Board of Directors of Yahsat, Mubadala Infrastructure Partners, the Advanced Technology Investment Company (ATIC), Cleveland Clinic Abu Dhabi and Tabreed. He is Vice Chairman of Piaggio Aero Industries and is a Director of AMD, Al Maabar, du, GLOBALFOUNDRIES and the Abu Dhabi Future Energy Company (Masdar). Prior to joining Mubadala, Waleed worked with the UAE Offsets Program Bureau as a Senior Project Manager. He previously worked with McKinsey & Company as a commercial and governmental consultant. Waleed holds a Masters from Harvard University, USA, and a Bachelors of Science in Foreign Service from Georgetown University, USA.

Mahmood H. Alkooheji

Chief Executive Officer, Bahrain Mumtalakat Holding Company

Mr. Mahmood Hashim Alkooheji is the Chief Executive Officer of Bahrain Mumtalakat Holding Company (Mumtalakat), the investment arm of the Kingdom of Bahrain. He is responsible for devising and executing its strategy to actively manage and grow a diverse portfolio of commercial assets locally, regionally and internationally. As the Chief Executive Officer of Mumtalakat, Mr. Alkooheji oversees the management of the Company’s stakes in over 40 commercial enterprises, and the growth of its portfolio value. He also directs the Company’s initiatives to firmly implement the highest standards of transparency and corporate governance across Mumtalakat and its diverse holdings. Mr. Alkooheji is actively involved in the management of portfolio companies and sits on the boards of Gulf Air, McLaren Automotive Limited and McLaren Group Limited, Durrat Khaleej Al Bahrain Company, the Arab Petroleum Investment Corporation (APICORP), Bahrain Real Estate Investment Co. (Edamah), Arcapita Group, Gulf Air Group Holding Company and Governors of the Royal College of Surgeons in Ireland, Bahrain. Mr. Alkooheji served as the Chairman of the Board of Alba from 2008 to 2014. Within this role, he spearheaded ALBA’s restructuring in 2009 and the successful listing of 10% of its shares on both the London and Bahrain stock exchanges in 2010. Mr. Alkooheji holds a Bachelors Degree in Mechanical Engineering from Staffordshire University, and a Masters of Business Administration from Henley College of Management, Brunel University, UK.

Laurent Vigier

Chairman, Chief Executive Officer, CDC International Capital

Laurent Vigier is a member of the Caisse des Dépôts Group’s Management Committee and since 2007, has been in charge of developing the Caisse des Dépôts Group’s premier relationships with sovereign funds and long-term international investors. Thus, Laurent contributed to the creation of the Long-Term Investors’ Club (LTIC) in 2009 and of the Institutional Investors Roundtable (IIR) in 2011, as well as setting up the first multilateral funds: Marguerite (€710 million), Inframed (€385 million) and the Franco-Chinese SME fund (€150 million). He was previously Director of European and International Affairs and Permanent Representative of the Group to the European institutions (2007 to 2013), Senior Advisor to the staff of the President of the French Republic on multilateral/G8 matters and then of European affairs between 2003 and 2007. Laurent began his career at the Ministry of Foreign Affairs working on WTO matters (1998-2002) and as a Senior Advisor to the staff of the Minister for European Affairs from 2002 to 2003. He is a former student of the ENA (class of 1998) and of the Ecole normale supérieure - Ulm, has an Agrégation in history and is a former student of Harvard University.

Kirill Dmitriev

Chief Executive Officer, Russian Direct Investment Fund (RDIF)

Prior to becoming CEO of RDIF in 2011, Kirill Dmitriev headed a number of large private equity funds and completed a series of landmark transactions, including the sale of Delta Bank to General Electric, Delta Credit Bank to Société Générale, STS Media to Fidelity Investments, etc. At the beginning of his career he worked at Goldman Sachs and McKinsey & Company. He is Deputy Chairman of the Investment Council under the Chairman of the State Duma of Russia, Vice President of the Russian Union of Industrialists and Entrepreneurs and was appointed by the President of Russia as a member of the BRICS and the APEC business councils; he also was selected as ‘Young Global Leader’ by the World Economic Forum. He serves as a member of the boards of directors of Rostelecom, Gazprombank, MDMG, Russian Railways and a member of the boards of trustees of the Mariinsky Theatre and Moscow State University. In 2011 he was the only Russian representative in the list of ‘100 most influential private equity professionals of the decade’ (Private Equity International). He holds a BA in Economics with Honors and Distinction from Stanford University and an MBA with High Distinction (Baker Scholar) from the Harvard Business School.

Tadashi Maeda

Chief Executive Officer, Executive Managing Director, Japan Bank for International Cooperation (JBIC)

Tadashi Maeda has held various positions at JBIC, including Representative in Washington, Head of Delegation to OECD Trade Finance Committee, Director General of Energy, Natural Resources Finance Group, Director General of Corporate Planning Department, Managing Executive Officer & Global Head of Infrastructure Finance Group. Between 2010 and 2012 he served as Special Advisor to the Cabinet and provided the Prime Minister and Chief Cabinet Secretary with advice on new economic growth strategy, energy policy and infrastructure development policy to the international market. He also served as member of the Steering Committee of Nuclear Damage Liability Facilitation Fund Steering Committee from 2011 to 2013. Currently he is a member of the advisory board of International Institute of Strategic Studies (IISS), the UK based think tank. Mr. Maeda graduated from the University of Tokyo, Faculty of Law in 1980.

Mehmet Bostan , Chairman, Sovereign Wealth Fund of the Republic of Turkey
Adrian Orr , Chief Executive Officer, New Zealand Superannuation Fund
Maurizio Tamagnini , Chief Executive Officer, FSI

Adrian Orr

Chief Executive Officer, New Zealand Superannuation Fund

Adrian joined the Guardians in February 2007 from the Reserve Bank of New Zealand where he was Deputy Governor. Adrian has also held the positions of Chief Economist at Westpac Banking Corporation, Chief Manager of the Economics Department of the Reserve Bank of New Zealand and Chief Economist at The National Bank of New Zealand. He has also worked at the NZ Treasury and the OECD based in Paris. Adrian is Chair of the International Forum of Sovereign Wealth Funds and Chair of the Pacific Pension Institute.

Maurizio Tamagnini

Chief Executive Officer, FSI

Since September 2011 Chief Executive Officer of Fondo Strategico Italiano (“FSI”), a risk capital investment company with Euro 4.4 billion of equity commitments. FSI shareholders are Cassa Depositi e Prestiti and Banca d’Italia. Chairman of the Supervisory Board of STMicroelectronics N.V., one of the world's largest semiconductor companies listed on the Milan, New York and Paris Stock Exchange. Chairman of the Joint Venture between FSI and Qatar Holding (IQ Made in Italy Investment Company) with up to Euro 2 billion capital for investments in Food & Food Distribution, Fashion & Luxury, Furniture & Design, Leisure-tourism & Lifestyle. Member of: - the Italian Ministry of Economic Development Industrial Compact task force; - the Executive Committee of the Italy-China Business Forum; - the Italy-France Business Forum; - the International Advisory Board of RDIF. 24 years experience in the financial sector. Worked in Milan, London and New York. Gained significant experience in Corporate Finance, Private Equity, Debt and Equity. Until 2011, Head of Southern Europe Corporate & Investment Banking division of Bank of America Merrill Lynch and member of Bank of America Merrill Lynch EMEA Executive Committee. Degree in International Monetary Economics from Bocconi