Abu Dhabi to host S’&’P Leaders’ Forum nest Wed (1st ADD)

Abu Dhabi: Managing Director ‘&’ Chief Economist at Principal Global Investors Robert Baur said: “The US economy is emerging slowly from the after effects of its financial crisis, Europe is mired in a recession and growth in China is much slower than the country’s two decade average. Under these circumstances, GCC investors should question who and what will drive global economic growth and when will business return to normal?

The S’&’P Leaders’ Forum is a great venue to hear valuable discussion on the future of the global economy and its potential for acceleration.” Chief Executive Officer at SEDCO Capital Hasan Al Jabri said: “We believe a combination of innovation and relationship depth is crucial to ride these turbulent times and inconsistent market conditions. We rely on our history of strong regional partnerships, expertise in asset allocation and selective global diversification and, as a significant co-investor, look forward to discuss these strategies at the S’&’P Leaders’ Forum.” Partner at Debevoise ‘&’ Plimpton LLP Marwan Al Turki, said: “The fund raising environment for private equity funds remains challenging. Amongst the developed markets, the environment in Europe is tough and this, coupled with increased scrutiny by LPs of fund terms from a position of strength, has increased the length of fund raising cycles and led many sponsors to reconsider their plans.

The position in emerging markets is mixed, with some regions such as MENA, effectively closed for business. This makes for a particularly interesting year ahead.” Other speakers at the Forum include Chief Executive Officer of Khalifa Fund for Enterprise Development Abdullah S. Al Darmaki, , Managing Director ‘&’ Chief Economist at Principal Global Investors Dr. Robert Baur; Director MENA at The World Bank Dr. Farrukh Iqbal; Director, Public Sector and Social Sector MEA, Head of the McKinsey Centre for Government, McKinsey ‘&’ Company Kito de Boer; Partner of Debevoise ‘&’ Plimpton Marwan Al Turki; Chief Executive Officer of SEDCO Capital Hasan Al Jabri; Chairman of Citadel Capital Dr. Ahmed Heikal; Chief Economist (Emerging Markets) at Citigroup Dr. Farouk Soussa; Chief Economist of the Bahrain Economic Development Board Dr. Jarmo Kotilane; Chief Executive Officer of Gulf Capital Dr. Karim El Solh and Managing Director, Global Services at S’&’P Capital IQ Harry Chopra.

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