Mumbai, Maharashtra, India
The Sovereign Wealth Fund Institute (SWFI) successfully concluded the Global Wealth Conference (GWC) in London last week, following three days of intensive discussions. This event has proven to be a pivotal moment for the Indian investment sector, propelling the nation towards a promising era of economic influence. The conference examined the evolving dynamics of sustainable investments in India under the guidance of SWFI by bringing together sovereign wealth funds, pension funds, family offices, and asset owners from more than 20 countries.
The GWC achieved a significant milestone by attracting an impressive $5.3 trillion in assets under management over two and a half days of high-level discussions at the iconic House of Commons and Guildhall. This prestigious event showcased the participation of more than 20 sovereign wealth funds, 40 family offices, 30 pension, and public funds, along with an impressive assembly of over 50 global asset managers. The strong presence of key investment decisionmakers and sectoral experts from across India became a notable talking point to the proceedings.
Prominent personalities led the agenda toward actionable outcomes, including Lord Dominic Johnson, UK Minister for Investment; Bollywood star Vivek Anand Oberoi; Mohammed bin Abdulaziz AIajlan, Deputy Chairman, Ajlan & Bros Holding; Jitendra Bissessur, Chief Executive Officer, Mauritius Investment Corporation; Minister Abdurehman Eid Tahir, Chief Executive Officer, Ethiopian Investment Holdings; The Rt Hon Sir Gavin Williamson MP, UK House of Commons; Prof Lord Meghnad Desai, UK House of Lords; and David Papazian, Chief Executive Officer, Armenian National Interests Fund.
Both Michael Maduell, President of SWFI, and Lakshmi Narayanan, chairman of SWFI and a partner at the Patel Family Office, expressed their delight over the conference’s significant effects on the Indian economy. In a joint statement, they said that “this conference marks a turning point for the Indian investment landscape. Powerful investors and brilliant minds have teamed up with the goal of fostering economic progress in India and other places. The partnerships and discussions formed at this conference will significantly change the prosperity of the nation, and we are pleased with the significant interest expressed by global asset owners in investing across diverse sectors of the Indian economy”.
The conference served as a pivotal driver of investment evolution, highlighted by the announcement of a new $5 billion ‘MEGAM‘ fund, a collaboration between US-based Patel Family Office and KSA’s Ajlan & Bros Holding, which aims to raise an impressive $20 billion by investing in the thriving MENA hospitality sector. The initiative is poised to unlock the economic potential of the region, presenting a compelling opportunity for global investors.
SWFI unveiled GlobalCryptoNews.com, a comprehensive resource on cryptocurrencies and blockchain technology. The Patel Family Office also introduced FORT Global, an innovative platform connecting Family Offices worldwide, leveraging disruptive technologies and sustainable finance for sustainable growth and prosperity.
In recognition of his outstanding contributions to social impact, the GWC presented the prestigious Global Order of Outstanding Disruptors (GOOD) Fellows Award to Vivek Oberoi, Bollywood star, social entrepreneur, and philanthropist, for pioneering responsible wealth leadership through his for-profit social impact in India. Other award recipients included prominent figures from the global Indian diaspora such as Professor Lord Meghnad Desai, London School of Economics and Political Science.
–Press release through NewsVoir
