The government-backed company has over three decades of investment experience in the region, and is now helping global investors enter markets in the Middle East and North Africa.
"Now more than ever, companies need top talent to navigate a tough investment climate," said ADIC Chief Executive Nazem Fawwaz Al Kudsi. "As we expand, I'm happy we can attract high quality staff, both locally and internationally."
As ADIC builds its funds management business, it will also invest alongside its partners. That proprietary investment will be led by new chief investment officer, Anders Ljungqvist, who joins the company from AB Volvo.
Ljungqvist, a former Swedish handball international, was Volvo's director of corporate finance for the past three years. He previously had stints as Volvo Group's head of asset management and fixed income and its head of treasury in the Americas.
Helping ADIC achieve the highest standards of corporate governance, Frenchman Thierry Gimonnet joins as head of finance after more than a decade at U.S. investment bank Goldman Sachs.
ADIC, which operates under the umbrella of the Abu Dhabi Investment Council, has been growing its international profile. For example, it has created an infrastructure fund joint venture with UBS and has a strategic partnership with German private bank, BHF-Bank.
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New senior managers build ADIC investment and finance capability
- United Arab Emirates: Tuesday, March 03 - 2009 at 15:54
- PRESS RELEASE
The Abu Dhabi Investment Company (ADIC) has hired two experienced executives to fill key investment and finance roles.
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About ADIC (Abu Dhabi Investment Company):Abu Dhabi Investment Company (ADIC), the first investment company in the United Arab Emirates, is one of the leading financial services firms in the region. Established by Emiri Decree on February 24, 1977, and owned by Abu Dhabi Investment Council, ADIC has delivered excellence in treasury and credit services, loan syndication, equity and debt underwriting, financial advisory, asset management and brokerage across a range of asset classes. As a result, the company has earned a reputation for professionalism, integrity, innovation, and market knowledge.
Pursuing a focused approach, ADIC today leverages its investment expertise across four strategic areas: Asset Management, Private Equity, Real Estate, and Infrastructure. In this way, the organization is able to offer targeted products and services to meet specific client requirements in markets across the globe, all while delivering superior risk-adjusted returns. With extensive knowledge of the Middle East and North Africa investment environment, unrivalled access to primary information on regional companies, both large and small, an understanding of the micro and macroeconomic environment and record of accomplishment across asset classes, ADIC is an ideal investment partner for institutions and high net worth individuals based in the region and beyond.
For further information, please contact:
Sweety Darwish
Abu Dhabi Investment Company Communications
Tel +971 2 6296451
Fax +971 2 6655835
Posted by Rana MesbahTuesday, March 03 - 2009 at 15:54 UAE local time (GMT+4)
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