PIF Picks All-Star Investors for FII Advisory Board

Saudi Arabia’s Public Investment Fund (PIF) has formed an advisory board of 11 top technology, finance and business executives that will provide strategic guidance on developing the kingdom’s Future Investment Initiative as a platform that attracts investment.

The advisors include Masayoshi Son, the CEO of Japan’s SoftBank Group, Joe Kaeser, the president and chief executive of German industrial giant Siemens and Stephen Schwarzman, the CEO of private equity Blackstone, which manages about $450 billion of assets, according to a statement from PIF. They also include Peter Thiel, co-founder and partner at Founders Fund.

One Saudi sits on the advisory board – Lubna S. Olayan, CEO & Deputy Chairperson, Olayan Financing Company.

The full list is here:

•    Mohamed Ali Alabbar, Founder & Chairman, Emaar Properties
•    Ajay Banga, President & CEO, Mastercard
•    Victor Chu, Chairman & CEO, First Eastern Investment Group
•    Mellody Hobson, President, Ariel Investments
•    Arianna Huffington, Founder & CEO, Thrive Global
•    Joe Kaeser, President & CEO, Siemens AG
•    Lubna S Olayan, CEO & Deputy Chairperson, Olayan Financing Company
•    Stephen Schwarzman, CEO, Blackstone
•    Masayoshi Son, CEO, SoftBank Group Corp.
•    Tidjane Thiam, CEO, Credit Suisse Group AG
•    Peter Thiel, Co-Founder & Partner, Founders Fund

The second-annual Future Investment Initiative (FII) will be held on October 23-25 in Saudi Arabia and “serve as a platform to drive expert-led debate, discussion, and partnerships among the world’s most visionary and influential leaders in business, government, and civil society.”