Abu Dhabi fund ADIA appoints Beaton global operations head
The fund has around $792 billion in assets, according to industry tracker Sovereign Wealth Fund Institute,
Abu Dhabi Investment Authority (ADIA) has appointed Garry Beaton to the newly created role of global head of operations, the sovereign wealth fund said in a statement on Monday.
Beaton joins the fund, which has around $792 billion in assets according to industry tracker Sovereign Wealth Fund Institute, from Ashmore Group, where he held the same title.
Strategy
According to the statement, Beaton will be responsible, together with other members of senior management, for guiding the strategy of the operations department and overseeing its support of internal and external funds, corporate actions, performance and development, securities lending and custody.
-
Saudi Aramco appoints chief of sovereign wealth fund to board
Aims to develop Public Investment Fund into a $2 trillion behemoth that would invest abroad to earn money Economy -
US seeks $1bln in 1MDB-tied Assets, ‘Wolf of Wall Street’ royalties
$681 million from a 2013 bond sale by sovereign wealth fund 1MDB was transferred to the account of Malaysian Official 1 Economy -
Saudi sovereign wealth fund invests $3.5 billion in Uber
Saudi investment fund to get a seat on the global transportation company’s board of directors Aviation & Transport -
Qatar’s wealth fund loses billions from Volkswagen scandal: report
The oil-rich Gulf state’s investment arm Qatar Holding, which owns 17 percent of Volkswagen, is the third-largest shareholder in the carmaker Banking & Finance