Thursday 15 April 2010
Abu Dhabi appoints new head of fund
A senior member of Abu Dhabi's ruling family was yesterday named as managing director of the Abu Dhabi Investment Authority, one of the world's largest sovereign wealth funds.
Sheikh Hamid bin Zayed Al-Nahyan replaces his brother, Sheikh Ahmed, who died when his glider crashed into a lake in Morocco.
Sheikh Hamid holds several government positions, including membership of Abu Dhabi's Executive Council, or cabinet. He is chairman of Etihad Airways, deputy chairman of the Abu Dhabi Council for Economic Development and chairman of the court of Sheikh Mohammed bin Zayed Al-Nahyan, the crown prince.
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