ADIA Appoints New Infrastructure Division Head
One of the world's biggest sovereign wealth funds, the Abu Dhabi Investment Authority announced the appointment of John McCarthy as global division head of infrastructure.
In a statement, ADIA said that McCarthy would be joining the sovereign wealth fund from Deutsche Bank where he was managing director for the bank's infrastructure, a position he held since 2005. In his new role, he would be overseeing the fund's existing portfolio as well as originate new transactions for the ADIA.
He comes in to the position formerly filled by Chris Koski who left the fund last year. During his tenure, Koski was the favored person for bankers and fund managers who pitched infrastructure related projects and investments for review by the Abu Dhabi fund.
After its 2011 annual review, the ADIA had decided that the new focus of its infrastructure investment team would be in developed markets, shying away from hot selling but highly unstable emerging market infrastructure investments.