Abu Dhabi Investment Authority (ADIA) has opened an office in Hong Kong with a view to identifying new opportunities in China and other key Asian markets.
The office, ADIA’s first on-the-ground presence in the territory, will be managed by Dong-Sinh Ngo, the wealth fund’s new Asia Pacific chief representative.
As well as pursuing new opportunities region, ADIA said the Hong Kong office will act as a platform for ADIA to broaden and deepen its network of relationships. It will also bring ADIA closer to its key local contacts and investments, the company said, as it looks to grow in one of the fastest developing regions in the world.
ADIA said Ngo will support senior investment professionals based in Abu Dhabi and manage a team with responsibility for conducting a broad range of investment-related research and on-going analysis of Asia Pacific market and economic trends.
“ADIA has been investing and building relationships in Asia for more than three decades, with a portfolio that spans multiple asset classes,” said Sheikh Hamed, chief of the Abu Dhabi Crown Prince's Court and managing director of ADIA.
“Our decision to open an office in Hong Kong is a symbol of our confidence in Asia’s continued growth and our long-term commitment to the region."
Prior to his appointment, Ngo was head of Products and Investment Solutions at Credit Agricole in Hong Kong where he took on a senior management function within the private bank. Previously, he was chief strategist for Emerging Markets and APAC at BNP Paribas where he was the regional head of strategy, responsible for asset allocations in Asia and global emerging markets. He was also a member of BNP Paribas Asset Management investment committee and Chairman of the Regional Investment Committee.For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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