ADIA Hires New Global Real Estate Investment Head

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Abu Dhabi, the home of the world’s third-largest sovereign wealth fund

One of the largest sovereign wealth funds in the world has a new head of global real estate investing.

On Monday, the Abu Dhabi Investment Authority named Drew Goldman as its global head of real estate investments. Goldman will depart Deutsche Bank AG, where he was global head of investment banking coverage and merger and acquisitions since 2019, Reuters reported.

Deutsche Bank tapped its global co-head of mergers and acquisitions, Bruce Evans, to replace Goldman and oversee investment banking coverage and advisory services in the Americas, according to Reuters.

Goldman’s hire comes after a string of departures in ADIA’s real estate shop in recent years. In May 2021, Gerald Fang, ADIA’s head of Americas real estate, resigned from the fund, a year after his predecessor, Tom Arnold, was elevated to global head of real estate. Arnold left ADIA in 2020, as did former head of Europe real estate Pascal Duhamel and Anthony Bertoldi, who left in 2020, PERE News reported.

During his tenure at Deutsche Bank, Goldman was credited with building up the German lending giant’s global real estate, gaming, lodging and leisure investment banking business, including assisting Marriott International‘s buyout of Starwood Hotels and Resorts Worldwide in 2016, according to Reuters.