ADIA chooses new global head of internal equities
By Thao Hua | January 15, 2013 10:41 am
Gregory Eckersley was named global head of internal equities at the Abu Dhabi Investment Authority, according to spokesman Erik Portanger.
The position is new. Based in Abu Dhabi, United Arab Emirates, Mr. Eckersley will report to Mohamed Darwish Al Khoori, executive director of ADIA's internal equities department.
Mr. Eckersley was previously partner at 1770 Capital Partners, Sydney, manager of a global energy, mining and commodities fund. Nicolas Gardiner, founding partner at 1770 Capital, could not be reached by press time for further information about who will assume Mr. Eckersley's responsibilities.
ADIA does not divulge assets under management but is estimated to have about $627 billion, according to data from the Sovereign Wealth Fund Institute. About 20% of the total is managed internally, according to the fund's latest annual report for the year ended Dec. 31, 2011.