Russell Read as Deputy Chief Executive Officer and Chief Investment Officer for The Gulf Investment Corporation

Press release

Published August 24th, 2011 - 09:55 GMT

The Gulf Investment Corporation is pleased to announce the appointment of Dr. Russell Read as Deputy Chief Executive Officer and Chief Investment Officer (DCEO & CIO).

Most recently, Dr. Read launched C Change Investments in 2008 specializing in identifying and investing in technologies that transform the consumption, distribution, and production of the world’s natural resources, including energy, agriculture, and water. Prior to launching C Change, Read was the Chief Investment Officer for the California Public Employees’ Retirement System (CalPERS), overseeing North America’s largest pension plan and an investment staff of over 200 professionals, introducing a number of new strategies and vehicles into the portfolio including its commodities, infrastructure, clean technology, and forestry investments programs.

Dr. Read started his career as an economist at First National Bank of Chicago (Chicago’s largest bank) and then spent several years as an actuary and investment analyst at CNA Insurance and The Prudential. From 1993-2000, Russell joined Oppenheimer Funds where he led their efforts in new product development, quantitative strategies, risk management, and commodities investments. In 2000 he joined Scudder Investments/Deutsche Bank Asset Management and became their Deputy Chief Investment Officer in 2004.

Dr. Read has a well-rounded background across private and public markets. He has accumulated a rich set of investment experiences including hands-on portfolio management, asset allocation, risk management, and product development.

Dr. Read credentials include a BA in Statistics and an MBA from the University of Chicago, and an MA in Economics and PhD from Stanford University.

Background Information

Gulf Investment Corporation

GIC is an investment company incorporated in the State of Kuwait on November 15, 1983 as a Gulf Shareholding Company. It is equally owned by the governments of the six member states of the Gulf Cooperation Council (GCC), i.e., Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. GIC was formed to foster economic growth, economic diversification and capital markets development across the GCC region. Our experienced team offers local and international investors a diverse range of financial opportunities. We have a proven track record for successfully assisting private enterprise across a broad range of industry sectors and effectively delivering innovative investment opportunities.