Saudi Arabia’s Public Investment Fund parts ways with three executives

Saudi Arabia’s Public Investment Fund parts ways with three executives

The $320 billion sovereign wealth fund has been building out its bench of global and local managers as it steps up deal-making in a bid to become the world's biggest. The $320 billion sovereign wealth fund, run by Governor Yasir Al-Rumayyan and controlled by Crown Prince Mohammed bin Salman, has been building out its bench of global and local managers as it steps up deal-making in a bid to become the world's biggest.. Johnson is the fund's second head of strategy to leave in two years.. Some executives say the PIF lacks the governance and controls that are expected in a fund of its size.. High-profile investments in Uber Technologies Inc. and SoftBank Group's Vision Fund came after Prince Mohammed personally met with top leaders at the firms..