Wednesday, 25 April 2012

Abu Dhabi’s Wealth Fund Said to Hire Axa Private Equity’s Florin - Businessweek

Christophe Florin, chief operating officer of Axa Private Equity, has left to join the Abu Dhabi Investment Authority, according to three people with knowledge of the matter.

Florin, who was also a member of the executive board of French insurer Axa SA (CS)’s private-equity unit, will head ADIA’s emerging markets private-equity team, said the people, who declined to be identified because the appointment has yet to be announced. He’ll be based in Abu Dhabi, they said.

ADIA, one of the world’s biggest sovereign wealth funds, is boosting its private-equity team as it seeks to increase its ability to invest in buyout funds and deals. It has mandated two London-based recruitment firms to find about 40 private-equity professionals in London and Europe, two of the people said. Florin’s hire follows the December appointment of Benjamin Weston, chief executive officer of Helvetica Wealth Management Partners, as global head of alternative investments.

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