Shaikh Hamed Bin Zayed Al Nahyan, head of the Crown Prince's Court and Managing Director of the Abu Dhabi Investment Authority. Image Credit: WAM

Abu Dhabi: Shaikh Hamed Bin Zayed Al Nahyan, Chief of Crown Prince of Abu Dhabi's Court, was appointed yesterday as the new managing director of the Abu Dhabi Investment Authority (Adia), widely considered the world's largest wealth fund.

The decree issued by President His Highness Shaikh Khalifa Bin Zayed Al Nahyan in his capacity as Ruler of Abu Dhabi also reshuffled the organisation's board after the passing of Shaikh Ahmad Bin Zayed Al Nahyan late last month in a glider crash.

Adia's board will be made up of Shaikh Sultan Bin Zayed Al Nahyan, Representative of the President; Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces; Shaikh Mansour Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs; Shaikh Mohammad Bin Khalifa Al Nahyan, Chairman of the Department of Finance; Mohammad Habroush Al Suwaidi, adviser to the President; Jouan Salem Al Daheri; Hamad Mohammad Al Hurr Al Suwaidi, Undersecretary of the Department of Finance and Khalil Mohammad Sheriff Foulazi, Chairman of the Board of the Central Bank.