Adrian Orr, CEO of the NZ$29.5 billion ($19 billion) New Zealand Superannuation Fund, was named chairman of the International Forum of Sovereign Wealth Funds, a spokeswoman for the Auckland-based fund confirmed Monday.
Mr. Orr assumed the role as chairman of the 28-member forum for sovereign wealth funds from Bader M. Al Saad, managing director of the Kuwait Investment Authority. The Sovereign Wealth Fund Institute estimates the value of KIA’s investment portfolio at $592 billion.
Previously, Mr. Orr served as deputy chairman of the organization.
An IFSWF news release said Majed Al Romaithi, executive director of the Abu Dhabi Investment Authority’s real estate and infrastructure department, was elected deputy chair. The Sovereign Wealth Center estimates the value of ADIA’s investment portfolio at $621 billion.