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Saturday, March 2, 2013

Mar2: Ali Zeidan said deputy central bank governor Ali Mohammed Salem Hebri would temporarily take charge of the LIA

Mar2
Ali Zeidan said deputy central bank governor Ali Mohammed Salem Hebri would temporarily take charge of the LIA
Mar 2nd 2013, 23:58

43Aisha Mansurey ‏@WORLDLOVERPEACE Dismissed head of #Libya sovereign wealth fund stays puthttp://reut.rs/YCSt89  via @reuters Expand   Reply   Retweet   Favorite  Buffer    More Dismissed head of Libya sovereign wealth fund stays put inShare Share this Email Print Related News Libya to replace head of sovereign wealth fund -PM Thu, Feb 28 2013 Japan seen nominating "deflation basher" as BOJ head: sources Mon, Feb 25 2013 Tunisia's Islamist Ennahda to pick hardliner for PM Thu, Feb 21 2013 REFILE-UPDATE 2-Tunisian PM quits after failing to form new government Tue, Feb 19 2013 UPDATE 3-Qatar to list $12 bln firm with assets from wealth fund Tue, Feb 19 2013 Related Topics Energy » Financials » Thu Feb 28, 2013 2:03pm EST (Adds LIA chairman quotes) By Ali Shuaib and Marie-Louise Gumuchian Feb 28 (Reuters) - The head of Libya's sovereign wealth fund said he would remain in his post and contest the government's decision to replace him because of poor performance. The Libyan Investment Authority (LIA) was set up in 2006 to manage Libya's oil dollars. It has assets of around $60 billion, mixed between shares, bonds, other financial products and holdings in subsidiaries. Speaking at a news conference on Thursday, Prime Minister Ali Zeidan said deputy central bank governor Ali Mohammed Salem Hebri would temporarily take charge of the LIA until a permanent replacement for current head Mohsen Derregia was found. "The head of the LIA will be changed. This is the government's policy. Whoever cannot do their job properly will be replaced," Zeidan said. "Up until now (Derregia) has declined to step down but he needs to do that." In an exchange that highlights the central government's struggle to impose its authority in the new Libya since the 2011 war that ousted Muammar Gaddafi,...

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