Abu Dhabi Investment Authority (ADIA), an emirate’s sovereign wealth fund, has appointed John McCarthy, a senior Deutsche Bank AG executive, as head of its division that handles global infrastructure investments.
McCarthy, who was previously head of infrastructure at Deutsche Bank’s asset and wealth management arm, will oversee its existing portfolio and be responsible for originating new transactions.
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According to ADIA, McCarthy will succeed Chris Koski, who left the fund in 2012, and who was the go-to person for bankers and funds pitching infrastructure-related investments to the Abu Dhabi fund.
In addition, Qatar Investment Authority (QIA) has appointed Deven Karnik, senior managing director of Morgan Stanley’s Asia infrastructure fund, as head of its new infrastructure business.
ADIA does not disclose its assets under management, but industry executives, reportedly, estimate controls between US$400 billion and US$600 billion.
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