Khalifa Mohammed al-Kindi has been chosen to head the Abu Dhabi Investment Authority, the world's largest sovereign wealth fund, the official WAM news agency said Wednesday. Kindi was appointed to succeed Sheikh Ahmed bin Zayed al-Nahyan, a brother of the president of the United Arab Emirates, after he was killed in a glider crash in Morocco last month.
UAE President and Abu Dhabi ruler, Sheikh Khalifa bin Zayed al-Nahayan, remains the chairman of ADIA, whose assets are estimated at over 600 billion dollars. Four of the eight members of the board of directors are members of Abu Dhabi's ruling family.
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