The Abu Dhabi Investment Authority (Adia) has restructured one of its fund management divisions, Financial Times reports. The sovereign wealth fund has named Sheikh Mohammed bin Khalifa Al Nahyan as head of a new indexed fund department. Sheikh Mohammed was formerly executive director of the European external equity fund division. Adia has also picked Obeid al-Suwaidi, former director in the Far East external equities division, as head of the two new departments which will run externally managed funds that are not index funds.

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