Hisashi Kuroda joined the Abu Dhabi Investment Authority's internal equities department as head of Japan, ADIA announced in a news release Tuesday.
Mr. Kuroda replaces David Greenhalgh, who left in mid-2014 after more than a decade with ADIA to become chief investment officer of London-based New Chapel Asset Management.
Mr. Kuroda comes to ADIA from Meiji Yasuda Asset Management, where he served as general manager of the company's Japanese equity team.
A Meiji Yasuda spokeswoman said Hironobu Kanegae, senior portfolio manager on the firm's domestic equities team, was promoted to the general manager role.
The news release said Mr. Kuroda will develop strategy, manage risk and oversee management of the internal equities department's Japan investment portfolio.
ADIA has three equity departments: the internal, or in-house, equity team Mr. Kuroda is joining, as well as departments for passively managed allocations and money overseen by external managers.
Mr. Kuroda will be based in Abu Dhabi.
ADIA doesn't provide details regarding the size of its investments in Japan, beyond pegging the sovereign wealth fund's exposure to developed Asia — mainly Australia and Japan — at between 10% and 20% of its portfolio, a source said.
ADIA does not disclose its assets, but the Sovereign Wealth Fund Institute estimates the value of its portfolio at more than $770 billion.
