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Citi awaiting Maharlika Fund investment opportunities

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Citi Philippines,Maharlika Investment Corp,Maharlika Investment Fund

Citi is interested in exploring investment opportunities in the Maharlika Investment Corp. (MIC) —the state-run firm managing the Philippines’ sovereign wealth fund.

American banking giant Citi expressed interest in exploring potential investment opportunities in the Maharlika Investment Corp. —the state-run firm managing the Philippines’ very first sovereign wealth fund.“If there are opportunities within the Maharlika framework then we are very much happy to look into that as well,” Citi Philippines CEO Paul Favila said in a chance interview at the sidelines of the Indo-Pacific Investment Forum in Taguig City on Tuesday.

The MIC is governed by a nine-member board of directors made up of the Finance Secretary as chairperson, the MIC president and CEO, the Land Bank of the Philippines president and chief executive officer, the Development Bank of the Philippines president and CEO, two regular directors, and three independent directors from the private sector.

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