The Abu Dhabi Investment Authority (ADIA) has appointed Deutsche Bank executive Drew Goldman to lead its real estate business.
The $650bn (鈧�643.6bn) sovereign wealth fund said it has hired Goldman as global head of real estate and he will report to Mohamed AlQubaisi, the executive director of ADIA鈥檚 real estate department.
Goldman will be responsible, with members of the senior management team, for 鈥済uiding and implementing鈥� the department鈥檚 strategy and overseeing its investment activities globally.
ADIA, estimated to have a $48.7bn real estate portfolio, is ranked fourth in the 91传媒在线 Top 100 Real Estate Investors 2021.
Goldman, who joins ADIA on 3 October, was most recently the global head of investment banking coverage and advisory at Deutsche Bank, based in New York.
Prior to that, he was a global head of Deutsche Bank鈥檚 real estate investment banking group from 2012 to 2019. He joined the investment bank in 1999.
AlQubaisi said Goldman has built a long and 鈥渟uccessful track record鈥� of managing a diversified global business and advising on investment activities throughout the real estate sector.
鈥淗is breadth and depth of experience will be an asset to the department as we continue to capitalise on our areas of existing strength while increasing exposure to high-conviction themes.鈥�
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