The Abu Dhabi Investment Authority (ADIA), one of the world's largest sovereign wealth funds, today appointed James Kester as chief investment officer of its private equity department.
Mr Kester comes to ADIA from Zurich Alternative Asset Management in the US, where he was head of private equity and a member of the investment committee since 2006. He had spent six years prior to that as co-chief executive of Allianz Private Equity Partners in Germany.
"James has an excellent reputation and impressive track record of developing and managing private equity portfolios for major financial institutions," Hareb al Darmaki, the executive director of ADIA's private equity department, said in a statement.
The appointment follows a number of recent additions to ADIA's growing roster of financial professionals.
The fund appointed Ted Chu as its first chief economist in September and installed Keith Collins as its first chief accounting officer the following month. In his new role, Mr Kester will oversee ADIA's private equity strategy.
Private equity is a form of investment where institutions and funds buy stakes in private companies, typically aiming to sell after several years and generate big returns.
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Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
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From exhibitions to the battlefield
In 2016, the Shaded Dome was awarded with the 'De Vernufteling' people's choice award, an annual prize by the Dutch Association of Consulting Engineers and the Royal Netherlands Society of Engineers for the most innovative project by a Dutch engineering firm.
It was assigned by the Dutch Ministry of Defence to modify the Shaded Dome to make it suitable for ballistic protection. Royal HaskoningDHV, one of the companies which designed the dome, is an independent international engineering and project management consultancy, leading the way in sustainable development and innovation.
It is driving positive change through innovation and technology, helping use resources more efficiently.
It aims to minimise the impact on the environment by leading by example in its projects in sustainable development and innovation, to become part of the solution to a more sustainable society now and into the future.
The specs: 2019 Mercedes-Benz C200 Coupe
Price, base: Dh201,153
Engine: 2.0-litre turbocharged four-cylinder
Transmission: Nine-speed automatic
Power: 204hp @ 5,800rpm
Torque: 300Nm @ 1,600rpm
Fuel economy, combined: 6.7L / 100km
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
Scores
New Zealand 266 for 9 in 50 overs
Pakistan 219 all out in 47.2 overs
New Zealand win by 47 runs