Abu Dhabi Investment Company (ADIC) Asset Management, a leading financial services firm in the region, has appointed David Sanders as its new chief investment officer.

Sanders carries a wealth of global experiences spanning over USA, Japan, and the UAE.

Being in the UAE market for almost five years, Sanders held executive positions as senior fund manager at the National Bank of Abu Dhabi and as a senior analyst at Abu Dhabi Investment Authority (ADIA).

Prior to his tenure in the UAE, Sanders occupied the position of an asset allocator and fund manager at Procter & Gamble’s Global Pension business.

“Sanders brings a formidable track record in our competitive industry and a sharp vision into the business. One of the keys to our success is harnessing our resources to create new multi-platform investment opportunities for an increasingly diverse and sophisticated clientele,” said Nazem Fawwaz Al Kudsi, ADIC chief executive officer. 

Sanders is a CFA charter holder, and awarded an MBA in Finance from Brigham Young University. Graduated from Summa Cum Laude with a BA from BYU, Sanders is also a fluent Japanese speaker and recently co-authored a book in Japanese on UAE investing.

'The rapid and sustained expansion of ADIC’s Asset Management has necessitated a strengthening of the management team overseeing the overall process,' said Mohammed Salih Al Hashemi, executive director of ADIC Asset Management.  

'With Sanders’ background and extensive experience, we are confident he will make a major contribution to our success in delivering compelling hands-on expertise to our plans across the Mena region,' he added.-TradeArabia News Service