Since 2007, sovereign wealth funds have been attracting increasing attention due to a number of large cross-border transactions. CIC’s emergence has further increased the public’s interest in SWFs and in cross-border M&As. Prior to this, few people paid attention to investments made by foreign exchanges which used to be managed by the central banks.

Is it necessary to regulate SWFs globally? For SWFs in emerging markets, are there any European experiences to draw lessons from? Dag Detter met with our journalist recently and discussed the three principles of corporate governance that he sees as fundamental corporate governance tools – clear objectives, transparency, and political insulation.

Dag Detter is a senior at Terra Firma and is the UK’s leading expert on China in the private equity sector. Detter was previously president of Stattum and a Director with the Swedish Ministry of Industry where he led the restructuring of the Swedish government’s €60bn corporate portfolio.