ABU DHABI, 5th September, 2016 (WAM) -- The Abu Dhabi Investment Authority, ADIA, said today that it has appointed Steven Dalzell as Head of Transition Management at its Central Dealing Department, CDD, with immediate effect.

Based in Abu Dhabi, Dalzell will lead the centralised team with responsibility for managing and implementing multi-asset class portfolio transitions, including pre-trade analysis, project planning, implementation and reporting.

His role will involve working closely with ADIAs Strategy Unit and its investment departments to develop and execute transition projects internally that will support ADIA in achieving its investment objectives. Mr. Dalzell will report to Salem Alblooshi, Executive Director of the Central Dealing Department.

Dalzell has worked in banking and investment management for over 21 years, the last 15 of which were in transition management. Most recently, he served as Global Head of Transition Management at Citigroup Global Markets Limited, where he led a team of investment professionals based in London, Sydney and New York.

He has extensive experience in managing transition projects covering all asset classes including equity, fixed income, foreign exchange, and derivative portfolios.

Commenting on the appointment, Salem Alblooshi said, "Stevens wealth of experience in planning, managing and executing the movement of assets across investment portfolios will further enhance the internal service currently provided to our investment teams. We look forward to working with him on further developing ADIAs capabilities in this important area."

Copyright Emirates News Agency (WAM) 2016.