Former World Bank director Gumersindo Oliveros has joined KAUST Investment Management Company, leading the investment strategy of King Abdullah University of Science and Technology's endowment fund.
Oliveros was appointed chief executive officer and chief investment officer of KAUST. The endowment will support the operations of the university, which is set to open its main campus in Saudi Arabia in September. Americans joining Oliveros on the board of KAUST are John Brennan, chairman of Vanguard Group, and Charles Ellis, chairman of the investment committee at Yale University.
Oliveros was director of the pension plan