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Sat 30 May 2015 09:36 AM

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Abu Dhabi SWF fills key role to oversee US investments

Abu Dhabi Investment Authority appoints John Pandtle as head of the United States within internal equities department

Abu Dhabi SWF fills key role to oversee US investments
Abu Dhabi Investment Authority

Abu Dhabi Investment Authority, one of the world's largest sovereign wealth funds, has appointed John Pandtle to the newly created role of head of the United States within its internal equities department.

Pandtle, who previously worked at Florida-based Eagle Asset Management, will develop strategies and oversee the management of US-focused equity portfolios run by the fund itself, according to a statement.

Headquartered in the capital of the United Arab Emirates, ADIA manages the surpluses of Abu Dhabi's earnings from oil exports.

It doesn't disclose the value of its assets under management but it is estimated to hold around $773 billion by the Sovereign Wealth Fund Institute.

Commenting on the appointment, Mohamed Darwish Al Khoori, executive director, Internal Equities Department, said: "It gives us great pleasure to welcome John as the head of our new US desk. His extensive knowledge of the US market, experience of managing sizeable portfolios, and his proven ability to build successful teams, make him the ideal candidate to grow and oversee our internally-managed portfolio in this all important market."

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