LONDON, July 3, 2024
/PRNewswire/ -- Lakshmi Narayanan, Chairman of the Sovereign Wealth
Fund Institute (SWFI), has been awarded the prestigious title of
Freeman of the City of London
during the highly successful Global Wealth Conference (GWC) 2024.
This ancient honour recognizes Narayanan's significant
contributions to the financial sector and his efforts to foster
international cooperation in wealth management.
The Freedom of the City of
London, one of the oldest surviving traditional ceremonies
dating back to 1237, has been awarded to numerous notable figures
throughout history. Narayanan's recognition comes as a testament to
his pioneering work with SWFI, which has become a leading platform
for research, analysis, and networking in the global capital and
sovereign wealth fund sector.
Receiving the prestigious award, Narayanan commented: "I am
deeply honored to receive the Freedom of the City of London. This recognition not only
celebrates our work at SWFI but also underscores the growing
importance of sovereign wealth funds in the global financial
landscape. As we continue to foster collaboration and innovation in
this sector, this esteemed title will serve as a reminder of the
responsibility we bear in shaping the future of international
finance."
The conferment ceremony, held at The Chamberlain's Court in
Guildhall, was a highlight of the three-day Global Wealth
Conference, which brought together 21 sovereign wealth funds and
leading asset managers from around the world, representing a
combined assets under management (AUM) value of 10 trillion
pounds.
"I was delighted to nominate Lakshmi Narayanan for the Freedom
of the City of London, and attend
the Ceremony in the Chamberlain's Court, in recognition of his work
in hosting the Sovereign Wealth Fund Institute's Global Wealth
Conferences in the City and his philanthropic work." Said Alderman
Robert Hughes-Penney.
The conference, now in its second year, featured critical
discussions on sustainable finance, innovation, and the potential
formation of a UK sovereign wealth fund. Notable events
included:
- A conversation with the APPG chair of sovereign wealth funds,
exploring the possibility of a UK fund reaching 500 billion pounds
in size.
- The Investment Guild's inaugural charity dinner, attended by
125 invited guests, including renowned boxer Ryan Garcia.
- Discussions on the need for an ESG tracker for asset managers
and the faster adoption of artificial intelligence in the
industry.
- Presentation of a research report by David Haigh, CEO of Brand Finance, on the impact
of brand image on sovereign wealth funds.
Narayanan's new status as a Freeman of the City of London is expected to further
strengthen ties between SWFI, the City of
London, and the global investment community.
"We are honored by this recognition from the City of London," added Narayanan. "The Global
Wealth Conference 2024 in London
has once again provided a crucial platform for discussions on the
future of sovereign wealth and asset management. This award
reinforces our commitment to promoting best practices and fostering
collaboration worldwide."
The Global Wealth Conference 2024 and Narayanan's award
highlight London's continued
importance as a global financial hub and SWFI's role in shaping the
future of sovereign wealth management.
About SWFI:
The Sovereign Wealth Fund Institute (SWFI) is a global
organization dedicated to studying sovereign wealth funds,
pensions, endowments, central banks, and other long-term public
investors. SWFI provides research, data, and advisory services to
governments, financial institutions, and corporations
worldwide.
Photo
- https://mma.prnewswire.com/media/2453641/GWC_2024_SWFI.jpg
View original content to download
multimedia:https://www.prnewswire.co.uk/news-releases/swfi-founder-lakshmi-narayanan-honored-as-freeman-of-the-city-of-london-at-global-wealth-conference-2024-302188971.html