Abu Dhabi, the household of the world’s 3rd-premier sovereign wealth fund
Just one of the largest sovereign wealth cash in the globe has a new head of international genuine estate investing.
On Monday, the Abu Dhabi Expense Authority named Drew Goldman as its world-wide head of authentic estate investments. Goldman will depart Deutsche Bank AG, the place he was world wide head of investment banking coverage and merger and acquisitions because 2019, Reuters documented.
Deutsche Bank tapped its world wide co-head of mergers and acquisitions, Bruce Evans, to switch Goldman and oversee investment banking coverage and advisory products and services in the Americas, according to Reuters.
Goldman’s employ the service of arrives right after a string of departures in ADIA’s true estate shop in latest years. In May possibly 2021, Gerald Fang, ADIA’s head of Americas serious estate, resigned from the fund, a yr just after his predecessor, Tom Arnold, was elevated to world wide head of real estate. Arnold still left ADIA in 2020, as did previous head of Europe actual estate Pascal Duhamel and Anthony Bertoldi, who remaining in 2020, PERE News claimed.
For the duration of his tenure at Deutsche Lender, Goldman was credited with developing up the German lending giant’s global real estate, gaming, lodging and leisure financial commitment banking business enterprise, like aiding Marriott International’s buyout of Starwood Hotels and Resorts Around the globe in 2016, according to Reuters.