News / Kuwait Investment Authority sets infrastructure firm in London and hires two ex-BofA

Kuwait Investment Authority sets infrastructure firm in London and hires two ex-BofA

🕔 October 14, 2013
The Carlyle Group names new executive leadership team

Financial news reports that Kuwait's sovereign wealth fund, Kuwait Investment Authority (KIA), has hired two former bankers at Bank of America Merrill Lynch to join its recently launched infrastructure investment company.

According to the source, in April 2013, KIA established Wren House Infrastructure Management.

Kuwait's sovereign wealth fund, which manages assets worth around $386 billion, has hired Hakim Drissi-Kaitouni as managing director at Wren House Infrastructure Management, and Marc Keller as Associate. Both left Bank of America Merrill Lynch during the lats months.

Kuwait Investment Authority has had a presence in London since the 1950s based at Wren House on Carter Lane in the Square Mile.

The hires follow KIA's involvement in a bid for Severn Trent water company in May. The failed proposed acquisition was made by a consortium that also included Canada's Borealis Infrastructure Management.



League Tables

InfraPPP accepts project & transaction submissions to ensure that the data we have in our databases is accurate.

Download Submission Form  Download Submission Form

Newsletter

Subscribe to our newsletter and get in your inbox jobs, news and business opportunities.


Requests for Expression of Interest in Ghana
Oman Power & Water Procurement Company

Follow us on Twitter