Abu Dhabi: The Abu Dhabi Investment Authority (Adia) on Thursday announced the opening of an office in Hong Kong to identify new opportunities in China and other key Asian markets. It also announced the appointment of Dong-Sinh Ngo as Chief Representative, Asia Pacific, based in Hong Kong.
Ngo will support Adia’s senior investment professionals based in Abu Dhabi, Adis said in a statement. It added that he will manage a team with responsibility for conducting a broad range of investment-related research and ongoing 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. 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,” stated Hamed Bin Zayed Al Nahyan, Managing Director of Adia.
Adia is looking at focusing its investments in Asia, particularly in China and India as they are “better placed to grow in the years ahead, according to its annual review report released in July. It also said that emerging economies that are positioned as commodity consumers rather than commodity suppliers are expected to perform better.
