Carlos Slim: We want to invest more in Israel; The Mexican billionaire told President Shimon Peres and a delegation of 80 Israelis about his admiration for Israeli technology

November 28, 2013 Leave a comment

Carlos Slim: We want to invest more in Israel

The Mexican billionaire told President Shimon Peres and a delegation of 80 Israelis about his admiration for Israeli technology.

28 November 13 08:57, Globes’ correspondent

President Shimon Peres met Mexico’s wealthiest businessman Carlos Slim yesterday. Peres is on a state visit to Mexico, heading a delegation of 80 top Israeli executives that is seeking to deepen economic, diplomatic and security cooperation between the two countries. Peres said, “The fact that Israel did not have natural resources led us to rely on and nurture our human resources and encourage young people in Israel to dare, to break through barriers, and to think big.”Peres extended an invitation to Slim to come to Israel at the head of a delegation of his senior executives and see at first hand the technological developments that Israel has to offer.

Slim said that he was touched to receive such an invitation and will be happy to visit Israel. He added, “Technology is the engine of the present era and the Slim Group will be happy to take part in additional investments in Israel. We like to have our finger on the pulse of everything regarding new technologies and I know that in this Israel is a world leader, so we are interested in Israeli developments. I’m glad that through our connection and friendship the opportunity was created for this unique visit here by the Israeli delegation to Grupo Carso.”

Earlier this month Slim’s América Móvil SAB de CV (NYSE: AMX; Nasdaq: AMOV; BMV: AMX) made a strategic investment in mobile social networks photo and video-sharing platform Mobli Ltd. as part of the Israeli start-up’s $60 million financing round.

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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