Canada-UAE Sovereign Wealth Fund Council to harness bilateral investment

By Arya M Nair, Official Reporter
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Canadian Ambassador to the UAE, Mr. Kris Panday, has welcomed the launch of the Canada-UAE Sovereign Wealth Fund Council (SWFC).

The SWFC will help identify opportunities for strategic capital collaboration and thought leadership between Canadian Public Pension Funds (PPFs) and UAE Sovereign wealth funds (SWFs) in global markets.

It is designed to offer an investment collaboration framework that has a more dynamic and flexible structure benefitting Canada and the UAE as two key investment partners.

“The mission of the SWFC is to harness the synergies between Canada and the UAE’s preeminent institutional investors to deliver superior risk-adjusted returns in support of common interests”, said Mr. Panday.

Mr. Panday will serve as Chief Co-Patron of the SWFC along with Fahad Saeed Al Raqbani, the UAE Ambassador to Canada. Mr. Shezad Rokerya has been appointed as Senior Advisor to Ambassador Panday and will serve as Chairman of the SWFC.

Fahad Saeed Al Raqbani_Canada-UAE Sovereign Wealth Fund Council
Fahad Saeed Al Raqbani
UAE Ambassador to Canada

“Through the Canada-UAE SWFC, we have the capacity to capitalize on the individual strengths of both countries, bringing together innovative ideas, expert knowledge, and resources to power sustainable economic development and investment possibilities. This partnership paves the way for further cooperation that will impact the global financial outlook in the future. It is not only a strategic opportunity but also a shared responsibility in constructing a more sustainable and equitable future for all.”

Mr. Rokerya, said that “The top six Canadian PPFs and UAE SWFs cumulatively manage over $3 trillion in assets. The SWFC will enable these stakeholders to jointly develop investment strategies and deploy capital globally in a transformative and impactful manner to achieve significant value creation.”

This initiative will serve as a catalyst for empowering multiple constituents from both Canada and the UAE to strategically develop and collaborate in investments globally. The SWFC stakeholders will be able to leverage each other’s respective strengths, challenges, experience and thought leadership in each asset class, sector, and geographic influence to develop areas of collaboration.

The SWFC will lead discussions with senior leadership from Canadian PPFs and UAE SWFs to develop a governance framework and outline shared alignment and overarching criteria for the development of potential co-investment strategies.

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