ADIA internal equities head departs

Abu Dhabi’s sovereign wealth fund (SWF) is on the hunt for a new global head of internal equities after the departure of Gregory Eckersley.

The Abu Dhabi Invest Authority (ADIA) appointed Eckersley back in 2013 giving him responsibility for developing portfolios and overseeing the risk management and due diligence process.

He joined ADIA from 1770 Capital Partners, a fund he co-founded back in 2011. Prior to that he was at AllianceBernstein.

No replacement has yet been announced by ADIA which is estimated to have around $680 billion of assets under management, making it the world’s third largest SWF.

In recent years the ADIA has looked to bolster its in-house asset management capability and has reduced its use of external managers from 75% of staff in 2013 to 55% in 2017.

©2018 funds global mena

Related Articles