The Board of the International Forum of Sovereign Wealth Funds (IFSWF) on 5 August 2014 approved the application for full IFSWF membership of Fundo Soberano de Angola. The Board also approved the application for associate membership from JSC National Investment Corporation of the National Bank of Kazakhstan.
Mr. Bader M. Al Sa’ad, IFSWF Chair and Managing Director of Kuwait Investment Authority, welcomed the new member and associate member and states:
“It is a great pleasure to welcome more members to our global network of sovereign funds. The IFSWF Board notes the willingness of both new members to endorse, on a voluntary basis, the Santiago Principles. We look forward to collaborating with the teams led by Mr. José Filomeno de Sousa dos Santos, Chairman of the Board of Directors of Fundo Soberano de Angola and Mr. Berik Otemorat, CEO and Chairman of the Executive Board of the National Investment Corporation of Kazakhstan.”