25th November, 2021
Diplomatic rapprochement between the UAE and Turkey was sealed this week with a series of agreements between the two countries’ sovereign wealth funds and portfolio companies.
Subscriber Post
9th March, 2021
Zafer Sönmez, the CEO of the Turkey Wealth Fund, was abruptly replaced today, 3.5 years after he took office.
Subscriber Post
20th January, 2021
Vietnam’s State Capital Investment Corporation became the latest state-owned investor to throw a lifeline to a troubled national carrier, announcing plans this week to invest US$345 million in Vietnam Airlines. The move follows the Vietnam’s National Assembly approval in November of a support package for the airline, after reporting losses or approximately US$520 million in 2020 due to the coronavirus pandemic.
Subscriber Post
1st August, 2020
The Turkish Sovereign Fund was established in 2016 as the strategic investment arm of the Republic of Turkey. After a rocky start where the country’s President Erdogan rewamped TWF’s management and reshuffled the board by appointing himself as the Chairman, the fund seems to have finally found the support and stability to be among the world’s leading SWFs. The recruitment of Mr. Zafer Sönmez as its CEO in September 2018, after he had spent six years with Khazanah, has been instrumental towards that goal. We had the pleasure of catching up with Mr. Sönmez and discussing with him TWF’s recent progress and improvement of its GSR score.
Subscriber Post