It seems to be a time of change in the world’s sovereign wealth funds.
Monday brought news that Zafer Sonmez, head of the Turkey Wealth Fund, is to leave in a reshuffle. Temasek has finally confirmed Dilhan Pillay as successor to chief Ho Ching. And in Kuala Lumpur, rumours are swirling that the contract of Shahril Ridza Ridzuan as head of Khazanah Nasional may not be renewed.
The speculation around Shahril has been building for a while, but the fund’s annual report released on Thursday added to the clamour.
Khazanah reported profits from operations of RM2.9
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