Abu Dhabi Investment Authority to open Hong Kong office

Abu Dhabi Investment Authority to open Hong Kong office

Abu Dhabi Investment Authority to open Hong Kong office

The office will be ADIA’s only overseas location

Abu Dhabi Investment Authority (ADIA), one of the world’s richest sovereign wealth funds, said last Thursday it would open an office in Hong Kong to pursue more opportunities in China and other Asian markets.

This is ADIA’s 1st international office after it shut down its London base last year, which at the time was the fund’s only overseas location

“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,” Sheikh Hamed bin Zayed al-Nahyan, managing director of ADIA, said in a statement.

ADIA had been investing in Asia for more than three decades, across multiple asset classes, he added.

The fund has appointed Dong-Sinh Ngo as chief representative for Asia-Pacific to be based in Hong Kong, the statement said.

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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