Position: Acting chief executive, Libyan Investment Authority
Biography: Rafik el-Nayed was appointed as acting chief executive at the Libyan Investment Authority (LIA) in August and tasked with auditing the fund’s many assets, which could be worth more than $65bn.
He is one of a number of executives who worked for the Libyan government under Gaddafi, but was retained by the NTC as it attempts to avoid mistakes made after civil wars in countries such as Iraq, where knowledgeable senior personnel associated with the previous regime were dismissed.
In El-Nayed’s role as head of Libya’s sovereign wealth fund, which was set up in 2006, he has put in place an independent review of the LIA’s dealings. The NTC wants to ascertain whether any past investments were corrupt. He arrived at the LIA in late 2010 from Qatari investment bank Amwal, where he was director of utilities and infrastructure.
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