Hassana Investment CEO Saad Alfadly will reportedly step down from his position on 1 July, ending a 12-year tenure in the role, Bloomberg reports, citing an internal memo it says it has seen. A successor search is underway, though Alfadly is set to remain on the firm’s board.

About Alfadly: Alfadly led Hassana’s 2021 merger with the Public Pension Agency, positioning it among the top ten global pension fund managers. He oversaw global expansions, including a USD 1.5 bn investment in TPG’s climate funds and agreements with EIG and Brookfield. With over 25 years of experience, he previously held senior roles at NCB Capital, Morgan Stanley Saudi Arabia, and the Saudi Central Bank.

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