Abu Dhabi: The Abu Dhabi Investment Authority on Monday announced the appointment of Ted Chu as chief economist, with immediate effect.
Chu, who will be based in Abu Dhabi, will be responsible for producing in-depth international and regional economic analyses and making recommendations based on this research. As a member of ADIA's Strategy Unit, he will also assist in developing, monitoring and assessing investment strategies across asset classes based on current and projected economic trends.
Ted Chu joins ADIA from General Motors in Detroit, where he has served since 2006 as chief economist and director of global economic and industry analysis, responsible for providing the executive committee with support on key investment decisions, business planning and strategic research.
He has also held other senior roles within GM since1996, including senior economist Asia/Pacific, and manager for economic and industry analysis in America, Asia Pacific and the Middle-East/Africa regions.
Before joining GM, Chu was a macroeconomist at the Central and Eastern European division of the World Bank in Washington. He also served as an associate consultant, specialising in energy and environmental economics at Decision Focus, a Silicon Valley management science consulting firm.
Chu has an MA and PhD in economics from Georgetown University and a BA in economic management from the School of Management, Fudan University, Shanghai.
Commenting on the appointment, Jean-Paul Villain, Head of ADIA's Strategy Unit, said: "Ted brings with him an exceptional track record in macro strategy at the highest levels. His knowledge and deep insights into global macro-economic trends will contribute significantly to ADIA's long-term asset allocation strategy and ability to identify new asset class opportunities. We are very pleased to welcome Ted to the team."
Chu said: "ADIA is one of the most prominent and respected organisations in global finance and I am delighted to be working alongside professionals with such deep experience across different asset classes and disciplines."
