Former Citigroup executive moves to Adia

The former Citigroup executive will lead the team in its multi-asset class portfolio transitions. He will also work with the strategy unit and investment departments to create and carry out transition projects in line with the fund’s targets for growth.

Steven Dalzell has moved to the Abu Dhabi Investment Authority (Adia) as its new head of transition management.

The former Citigroup executive will lead the team in its multi-asset class portfolio transitions. He will also work with the strategy unit and investment departments to create and carry out transition projects in line with the fund’s targets for growth, Adia said.

Mr Dalzell will report to Salem Al Blooshi, the executive director of the central dealing department.

With more than two decades of experience in banking and investment management, he was previously with Citigroup Global Markets, where he was head of the financier’s transition management and led a team based in London, Sydney and New York.

“Steven’s wealth of experience in planning, managing and executing the movement of assets across investment portfolios will further enhance the internal service currently provided to our investment teams,” said Mr Al Blooshi.

Mr Alblooshi said that Adia was looking forward to further developing its capabilities in this area.

This move comes after it was announced at the end of last month that Garry Beaton would be Adia’s new global head of operations, a newly created role within the fund.

lgraves@thenational.ae

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Published: September 5, 2016 04:00 AM

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