Press Release
February 14, 2023 – Global private equity advisory Triago announces the appointment of Saleh Al-Ateeqi to its Advisory Board. Advisory Board members are leading lights of private equity and provide Triago executives and clients with strategic and tactical counsel across all business areas and geographies.
Al-Ateeqi served his country as President and CEO of the world’s oldest sovereign wealth fund, the Kuwait Investment Office (founded in 1953) for more than four years, leaving last July. Today, the Kuwait Investment Authority (the KIO’s parent organization since 1982), is the world’s fourth largest SWF, with some $750 billion in assets under management[1]. At the KIO Al-Ateeqi achieved record global investment performance as per public disclosures.
“I came to appreciate Saleh, and his remarkable passion for accountability and alignment of interest when we both served on the Wharton Executive Board for Europe, the Middle East and Africa,” says Triago Founder and Chairman, Antoine Drean. “I know first-hand that the sky’s the limit when it comes to Saleh finding effective, innovative solutions in the workplace.” “Triago’s dogged pursuit of client success dovetails perfectly with my own priorities,” says Al-Ateeqi. “The advisory board includes leading global figures – this is a fantastic position.”
Prior to running the KIO, Al-Ateeqi, a Kuwaiti national, served as the first McKinsey & Company elected Partner from a Gulf Cooperation Council nation, co-leading the establishment of the management consultant’s Kuwait office. Al-Ateeqi also served as a Senior Middle East Advisor in the political and economic consulting business founded by former British Prime Minister, Tony Blair. Al-Ateeqi developed considerable expertise as a banking executive as CEO of Boubyan Capital, the investment management arm of Boubyan Bank, Kuwait’s fastest growing bank. He also served as an independent board member of Toyota Egypt.
Triago’s newest board member graduated Cum Laude with a Bachelor’s in Accounting from Georgetown University and earned an MBA in Strategic Management and Finance from The Wharton School.
The appointment of Al-Ateeqi is an integral part of a broad expansion that has seen Triago team numbers rise 46 percent in two years, reinforcing expertise across all of Triago’s businesses, geographies and seniority levels. Triago’s activities – capital raising, secondaries transactions on behalf of sellers, and providing broad strategic counsel for both managers and investors – grew more than 20 percent last year in terms of revenues, despite a generally difficult private equity environment.
About Triago – With offices in New York, London, Paris, Dubai and San Diego, Triago provides fundraising services, secondary transaction advisory, and strategic solutions for general partners and limited partners seeking to optimize success in the global private equity market. Founded in 1992 as one of the first private equity fund placement agents, Triago has completed over 180 fundraisings on five continents and has advised on the transfer of more than 3,500 private equity fund stakes on the secondary market on behalf of some 200 clients across the world. Triago has also undertaken over 50 strategic advisory mandates for general partners and limited partners looking to launch, boost or restructure PE operations. Triago’s fastest growing sector is direct single-deal advisory. https://www.triago.com/
Contact: David Lanchner, dlanchner@lanchner.com, +33 6 33 43 50 76
[1] According to the Sovereign Wealth Fund Institute.