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

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. Continue reading... https://www.theguardian.com/business/2020/jul/15/claim-amanda-staveley-in-charge-of-abu-dhabi-barclays-deal-a-fantasy-court-told #barclays #banking #business #sovereign_wealth_funds #private_equity #law #financial_sector #middle_east_and_north_africa #qatar #sheikh_mansour #credit_crunch