Qatar Investment Authority (QIA), the country’s sovereign wealth Fund, has launched a wholly-owned advisory subsidiary in Singapore to source investment opportunities in Asia, Zawya reports citing a source from the Fund.
The subsidiary, Qatar Investment Authority Advisory (Singapore) Pte Ltd, is headed by a senior QIA executive, Abdulla al-Kuwari, the UAE-based media notes.
Al-Kuwari who reportedly took up the new position in May, led the Africa and Asia Pacific region as a director. The Fund, $300 billion in asset, owns stakes in the London Stock Exchange LSEG.L and Iberdrola SA.
The firm has been diversifying investment from core European and U.S. markets towards Asia, Zawya notes. QIA recently invested in Indian e-commerce firm Flipkart’s $3.6 billion funding round.