Abu Dhabi Investment Authority appoints head of external equities

Brian Tipple will be responsible for developing the department’s overall investment strategy and oversee the fund’s externally managed portfolios.

Abu Dhabi Investment Authority (Adia), one of the world’s largest sovereign wealth funds, said it had appointed Brian Tipple, a seasoned asset manager, as its first global head of external equities.

In his new role, he will be responsible for developing the department’s overall investment strategy and oversee the fund’s externally managed portfolios.

Mr Tipple, who will be based in Abu Dhabi, was most recently the chief investment officer for Cleveland, Ohio-based Key Private Bank’s more than US$30 billion multi-asset, multi-strategy investment business. Before that, he spent 20 years with Russell Investments, a Seattle-based global asset manager with more than $250bn in assets under management.

"Over more than three decades in the asset management industry, Brian has proven himself as an astute investor and leader with a deep understanding of global equity markets," said Obaid Al Suwaidi, the executive director of external equities at Adia, said. "He will play an important role in managing the department's existing investments, while further developing and refining our strategy in the external equities space."

A US citizen, Mr Tipple holds a BA in economics from Pacific Lutheran University in Washington state, is a member of the CFA Institute’s Seattle chapter and serves as a curriculum consultant to the CFA Institute on issues relating to manager research and selection.

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