The structure of the KIO consists of a number of small professional teams, organized on an investment / non investment basis. The funds under management are managed by asset class, then divided into geographically based portfolios. The fund managers, who are specialists in their respective areas, actively manage their portfolios through fundamental and quantitative analysis.
Actively manages the global equity portfolios of the KIO through effective asset allocation, stock selection and investment decisions within three Equity Departments: Americas, Europe and Asia Pacific. Investment is primarily in the developed markets with a mandate to outperform the MSCI Developed World Index; a small portion is also allocated to emerging markets.
Fixed Income Group
Actively manages the KIO’s investments in the debt capital markets. These funds are actively managed through sound analysis of the macroeconomic environment, central bank policies, supply and demand dynamics, relative value, and product characteristics. The emphasis is on government bonds, although some investments are made in credits with a rating of AA or above.
Private Equity and Property
Manages the KIO's investments in direct holdings companies and participates in private equity funds investing in buyouts, recapitalizations and the development of capital opportunities. In addition the department manages the global property portfolio.
Manages the KIO’s cash investments and responds to the requirements of the portfolios through liquidity management and foreign exchange activities.
Middle Office provides consolidated management information to senior management to support strategic decision making. Key areas of activities are the measurement of portfolio performance across asset classes, risk measurement and analysis and input into the strategic asset allocation process.
Administration provides comprehensive administrative and premises services throughout the KIO. The main areas of activity are facilities management, telecommunications, travel and transport, in addition to catering, health and safety and purchasing.
Finance provides integrated financial information to meet the agreed business requirements of the KIO. The department covers investment accounting and expense accounting activities, in addition to corporate finance, taxation and project initiatives.
Human Resources provide strategic and centralized human resources services throughout the KIO. The main areas of activity are focused on resourcing, recruitment, remuneration, and training and development, in addition to employment and performance issues.
Information Services is organized into two areas. The IT Services Team is responsible for the provision of operational support and maintenance for all installed technology. The IT Programmers team is responsible for the management and delivery of projects which may be business or technology oriented.
Internal Audit is responsible for planning and providing internal audits to ensure adherence of departments to regulations, policies, procedures and the operation of sound internal control systems. The department reports directly to the Chief Internal Auditor at KIA.
Operations manages the settlement of all transactions entered into by the investment departments and resolves all related queries. In addition, the department monitors cash balances, bank accounts and stock holdings to ensure that available assets are adequate to meet the investment needs of the KIO.