Adia names Tipple as head of external equities

Dubai: Abu Dhabi Investment Authority (Adia), one of the world’s largest sovereign wealth funds, has named Brian Tipple as its first global head of external equities.

Tipple, previously chief investment officer at US-based Key Private Bank, will help to develop and implement strategy for Adia’s external equities department and oversee all externally managed portfolios, a statement from the fund said on Wednesday. Around 75 per cent of Adia’s assets are managed by external fund managers, according to its 2013 annual report.