Abu Dhabi Investment Council (Adic) chief executive Eissa Al Suwaidi is to retire in June after 15 years' service, it was announced on Thursday.
He will be succeeded by deputy chief executive Mohamed Ali Al Dhaheri, Adic's holding company Mubadala Investment Company said in a statement.
Mr Al Suwaidi joined Adic when it was created in 2007 after previously spending 25 years at Abu Dhabi Investment Authority (Adia). He became Adic's managing director in 2015 and chief executive in 2018, when Adic became part of Mubadala.
Adic is managed on a model similar to endowment investing and is focused more on private assets, according to Mubadala.
"Its investment strategy is similar to the major endowments’ model of investing and its business performance is benchmarked to the market", the Abu Dhabi investment fund said.
Adic's global investment strategy is to pursue superior risk-adjusted returns across the entire capital structure, from global illiquid private to liquid public asset classes while preserving capital.
Locally, Adic is a major investor in Abu Dhabi's financial services sector.
Mr Al Dhaheri has "served for more than two decades as a highly regarded investment executive first at Adia and then working with the founding members of the council in 2007", Mubadala said on Thursday.
He also worked closely with Mr Al Suwaidi and led the council’s accounting and financial services group.
Mubadala, Abu Dhabi’s strategic investment arm, has a $243 billion (Dh894bn) portfolio spanning six continents with interests in numerous sectors and asset classes.
What is graphene?
Graphene is a single layer of carbon atoms arranged like honeycomb.
It was discovered in 2004, when Russian-born Manchester scientists Andrei Geim and Kostya Novoselov were "playing about" with sticky tape and graphite - the material used as "lead" in pencils.
Placing the tape on the graphite and peeling it, they managed to rip off thin flakes of carbon. In the beginning they got flakes consisting of many layers of graphene. But as they repeated the process many times, the flakes got thinner.
By separating the graphite fragments repeatedly, they managed to create flakes that were just one atom thick. Their experiment had led to graphene being isolated for the very first time.
At the time, many believed it was impossible for such thin crystalline materials to be stable. But examined under a microscope, the material remained stable, and when tested was found to have incredible properties.
It is many times times stronger than steel, yet incredibly lightweight and flexible. It is electrically and thermally conductive but also transparent. The world's first 2D material, it is one million times thinner than the diameter of a single human hair.
But the 'sticky tape' method would not work on an industrial scale. Since then, scientists have been working on manufacturing graphene, to make use of its incredible properties.
In 2010, Geim and Novoselov were awarded the Nobel Prize for Physics. Their discovery meant physicists could study a new class of two-dimensional materials with unique properties.
Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
