Tom Arnold Set to Head ADIA’s Real Estate Empire
Tom Arnold was named Global Head of Real Estate for the Abu Dhabi Investment Authority (ADIA), effective June 1, 2018. He is replacing Bill Schwab who has overseen the wealth fund’s property portfolio since 2009.
Arnold is being promoted from being deputy global head and head of Americas real estate at ADIA. Arnold joined ADIA from private equity firm Cerberus Capital Partners.
ADIA is a major sovereign wealth fund investor in real estate globally.
Olympic Park
In another bit of news, ADIA is attempting to sell its portfolio of flagship hotels located in Australia’s Sydney Olympic Park. ADIA acquired this hotel portfolio in 2013.
The Abu Dhabi Investment Authority (ADIA) is seeking to sell the building that houses the headquarters of the Korea Investment Corporation (KIC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
The Bank of Montreal (BMO) and the Ontario Teachers’ Pension Plan (OTPP) participated in a landmark blockchain Canadian-dollar debt transaction. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
Just Group plc acquired a 75% ownership stake in the holding company of Corinthian Pension Consulting Limited (Corinthian Pension Consulting). Operating in the institutional world for over 12 years, Corinthian Pension Consulting provides advisory services to defined-benefit pension scheme trustees and scheme sponsors undertaking bulk scheme exercises. The remaining 25% will be retained by current shareholders of Corinthian Pension Consulting. Robert MacGregor will continue to lead Corinthian Pension Consulting, as its Chief Executive Officer. Furthermore, Corinthian Benefits Consulting Limited and Corinthian Affinity Solutions Limited will continue to operate as before, becoming part of a newly formed holding company, Corinthian Group Holdings Limited.
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