Published: April 6, 2009
The Abu Dhabi Investment Company (ADIC) has hired two experienced executives to fill key investment and finance roles.
The government-backed company has over three decades of investment experience in the region, and is now helping global investors enter markets in the Middle East and North Africa.
As ADIC builds its funds management business, it will also invest alongside its partners. That proprietary investment will be led by new chief investment officer, Anders Ljungqvist, who joins the company from Volvo.
Ljungqvist was Volvo’s director of corporate finance for the past three years. He previously had stints as Volvo group’s head of asset management and fixed income and its head of treasury in the Americas.
Thierry Gimonnet joins as head of finance after more than a decade at US investment bank Goldman Sachs.
ADIC, which operates under the umbrella of the Abu Dhabi Investment Council, has been growing its international profile. For example, it has created an infrastructure fund joint venture with UBS and has a strategic partnership with German private bank, BHF-Bank.