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Vendredi 26 Octobre 2012

Marc Keirstead CFO Abu Dhabi Investment Authority for PE dept

The Abu Dhabi Investment Authority (ADIA) said today (22 October) that it has appointed Marc Keirstead as Chief Financial Officer of its Private Equities Department, effective immediately.

In his new role, Keirstead will be responsible for the oversight and delivery of the finance and administration function for the Private Equities Department. This function encompasses portfolio and asset-level valuations, reporting and analytics, transaction support, management information systems (MIS) and compliance related to the private equity portfolio. Based in Abu Dhabi, Mr. Keirstead will report to Hareb Al Darmaki, Executive Director of the Private Equities Department.

With over 20 years of experience in finance and accounting, Mr. Keirstead joins ADIA from Canada Pension Plan Investment Board (CPPIB), where he oversaw the finance and operations function for its Private Investment portfolio as a director of investment finance. Prior to joining CPPIB in 2008, he held senior roles at the private equity investment subsidiary of Ontario Municipal Employees Retirement System (OMERS) and a number of companies in media, digital entertainment and communications. He began his career at Coopers & Lybrand, later PricewaterhouseCoopers.

Commenting on the appointment, Mr. Al Darmaki said: "Marc brings considerable expertise in financial and operational oversight in the private equity space, and we are very pleased to welcome him to the team."

Mr. Keirstead is a chartered accountant, business valuator and financial analyst, and holds a Bachelor of Business Administration in Finance and Accounting with a minor in Economics from Bishop's University in Quebec, Canada.

Established in 1976, the Abu Dhabi Investment Authority (ADIA) is a globally diversified investment institution that is wholly owned by the Government of Abu Dhabi.

ADIA manages a substantial global investment portfolio, which is highly diversified across more than two-dozen asset classes and sub-categories, including quoted equities, fixed income, real estate, private equity, alternatives and infrastructure. With a long tradition of prudent investing, ADIA's decisions are based solely on its economic objectives of delivering sustained, long-term financial returns.

ADIA's Private Equities Department is responsible for investing in private equity funds globally on a primary and secondary basis, and investing directly in private companies alongside private equity sponsors or partners. The Department has four investing activities: primary funds, secondary funds, venture capital, and principal investments. The primary funds activity is organised geographically across North America, Europe and Emerging Markets whilst secondary, venture capital and principal investing operate on a global platform.


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