Qatar’s QIA expanding into SE Asia, Australia, Korea

Qatar Investment Authority (QIA), the country’s sovereign wealth fund managing USD526bn in assets, is expanding into Australia, Korea, and Southeast Asia, said Abdulla Ali Al-Kuwari, head of Asia Pacific at QIA Advisory. Speaking at the Milken Institute Asia Summit 2024 in Singapore, Al-Kuwari announced plans to start hiring in Australia and Korea and to double the team in Japan to focus on investment opportunities such as conglomerate carve-outs and take-private deals. The fund is diversifying beyond its core European and U.S. markets, where it holds stakes in the London Stock Exchange and Iberdrola. In June, QIA agreed to acquire a 10% stake in China’s second-largest mutual fund company, China Asset Management.