The Abu Dhabi Investment Authority (ADIA) has hired former AllianceBernstein global equity manager Gregory Eckersley to run its equities division.
The British manager has been appointed the $627 billion sovereign wealth fund's global head of internal equities and will be in charge of the team that invests directly into global stocks.
He joins the SWF from hedge fund 1770 Capital Partners, a firm he co-founded in 2011 alongside two colleagues following his departure from AllianceBernstein where he had worked for 16 years.
During that time he established and led AllianceBernstein's South Africa business and from 2006 till his departure in 2011 was responsible for the group's global and large cap growth funds in its New York office.
Now based in Abu Dhabi, Eckersley will be responsible, alongside senior management, for developing and implementing ADIA's investment strategy for the internal equities department, as well as overseeing the activities of all internally-managed portfolios.
His role will also include oversight of risk management and due diligence processes.
Established in 1976, ADIA manages a highly diversified global investment portfolio which is invested across more than two-dozen asset classes and sub-categories, including quoted equities, fixed income, real estate, private equity, alternatives and infrastructure.