Many top sovereign funds fail on governance, transparency - report

LONDON, Oct 28 (Reuters) - A majority of the world's largest sovereign wealth funds lack transparency and adequate governance, with those in the Gulf region scoring particularly low, according to a report published by political risk group GeoEconomica.

Canada's BMO Seeks Mideast Growth In Asset Management, Investment Banking

ABU DHABI (Zawya Dow Jones)--Bank of Montreal (BMO) said Monday it is opening a representative office in Abu Dhabi, as the Canadian lender seeks to grow its capital markets and asset management business in the Middle East by gaining better access to the region's sovereign wealth funds.