Lakshmi Narayanan, Chairman of the Sovereign Wealth Fund Institute (SWFI), has been bestowed with the title of Freeman of the City of London during the Global Wealth Conference (GWC) 2024. This prestigious accolade acknowledges Narayanan's substantial contributions to the financial industry and his initiatives to promote international collaboration in wealth management.

The Freedom of the City of London, a tradition that dates back to 1237, has been granted to many illustrious individuals throughout history. Narayanan's recognition is a reflection of his groundbreaking work with SWFI, which has emerged as a foremost hub for research, analysis, and networking in the global capital and sovereign wealth fund arena.

Upon receiving the esteemed award, Narayanan remarked: "I am profoundly honored to receive the Freedom of the City of London. This recognition not only celebrates our efforts at SWFI but also emphasizes the increasing significance of sovereign wealth funds in the global financial framework. As we continue to promote collaboration and innovation in this field, this distinguished title will remind us of the responsibility we hold in molding the future of international finance."

The ceremony, which took place at The Chamberlain's Court in Guildhall, was a key event during the three-day Global Wealth Conference, which convened 21 sovereign wealth funds and top asset managers from across the globe, managing assets collectively valued at 10 trillion pounds.

Dr. Nayef Falah Al-Hajraf, Secretary General of the Gulf Cooperation Council, extended his congratulations: "Congratulations to my dear friend on this richly deserved award. This achievement not only showcases your talent and dedication but also your steadfast pursuit of excellence, setting an exemplary benchmark for others. This accolade is a testament to your journey and a reminder that greatness is attained through commitment and perseverance. May this recognition be a stepping stone to further significant achievements in the future, illuminating your path with success and inspiring those around you. Congratulations once again, and may your future be filled with even greater brilliance and accomplishments."

The conference, now in its second year, featured pivotal discussions on sustainable finance, innovation, and the prospective establishment of a UK sovereign wealth fund. The conference and Narayanan's award underscore London's enduring status as a global financial center and SWFI's pivotal role in shaping the future of sovereign wealth management.