SWF Radar

CNBC reports that, “Sovereign wealth funds are not likely to try to take more control over Citigroup in exchange for their investment, but they have the right to meet with the bank’s executives and be informed of its progress, Chairman Sir Win Bischoff told CNBC Europe.”

The article quotes Bischoff as saying that, “They do not wish to have people on the board, because having people on the board constrains what you can do. … I’d be very surprised if they asked for more, because politically they are very astute.”