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Claim Amanda Staveley in charge of Abu Dhabi Barclays deal ‘a fantasy’, court told

July 15, 2020 at 04:28PM

High court in London hears evidence from ex-director of sovereign wealth fund as bank sued for up to £1.5bn

A former director who helped manage Abu Dhabi’s sovereign wealth fund in 2008 said it was a “fantasy” to claim that Amanda Staveley was in charge of the Gulf state’s investment in Barclays, alleging that the businesswoman had “very limited knowledge” about those kinds of deals.

In a witness statement submitted to the high court, David Forbes said Staveley’s private equity firm PCP Capital Partners had not been given a mandate to manage Abu Dhabi’s investment.

Amanda Staveley is best known for two high profile deals – each completed in 2008 and both involving the same investor: Sheikh Mansour of Abu Dhabi.

Related: How Amanda Staveley took on Barclays over its 2008 Qatar rescue

Continue reading… via Banking | The Guardian https://bit.ly/2CE4jxS

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