McKinsey, Michael Klein in Senate Crosshairs Over Saudi Ties

A US Senate panel investigating the merger of the PGA Tour with Saudi Arabia-backed LIV Golf has summoned top executives at consultancies working for the kingdom’s wealth fund for failing to cooperate in an inquiry into the deal.

The Permanent Subcommittee on Investigations has ordered Rich Lesser, global chair of Boston Consulting Group, Bob Sternfels from McKinsey & Co., and Teneo Strategy Chief Executive Officer Paul Keary to appear before the panel. Veteran investment banker Michael Klein, who’s one of the Public Investment Fund’s top advisers, has also been summoned to the hearing on Feb 6.

The hearing ...