On Day 3 of FII7 - PIF Asset Management Forum, Part 1

The discussion highlights the importance of developing the asset management industry in Saudi Arabia, particularly in relation to the Public Investment Fund (PIF). It emphasizes the need to attract and retain talented asset managers, encourage innovation, and adhere to best practices and governance standards. The PIF's role in supporting the industry's growth and the potential for long-term success and growth are also emphasized. The discussion also touches on the challenges of talent retention and the need for a long-term focus in asset management. Additionally, it addresses the integration of market infrastructure with the rest of the world and the importance of sophisticated investors like the PIF in incentivizing and empowering asset managers.