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Wednesday, 14 April 2010

Abu Dhabi Fund Names Sheikh Hamed Al Nahyan as Chief



The Abu Dhabi Investment Authority, one of the world’s largest sovereign wealth funds, appointed Sheikh Hamed bin Zayed al Nahyan as its managing director, succeeding the late Sheikh Ahmed bin Zayed al Nahyan.

Sheikh Hamed currently heads the Abu Dhabi Crown Prince’s Court and is chairman of the Higher Corporation of Specialized Economy Zones. He is the half brother of Sheikh Khalifa bin Zayed al Nahyan, president of the United Arab Emirates, and a brother of his predecessor Sheikh Ahmed.

Sheikh Khalifa issued a decree appointing Sheikh Hamed to the position, state-run WAM news agency reported today.