Sovereign wealth fund Abu Dhabi Investment Authority (ADIA), the world's largest private investor in real estate with €39 bn in assets, has named Tom Arnold as its new global head of real estate, according to media reports.
Arnold, who is currently deputy global head of real estate and head of Americas real estate at ADIA, is expected to assume the role as of 1 June. He takes over from current ADIA property chief Bill Schwab, who has held the position sincing joining ADIA in 2009.
Arnold also arrived nine years ago from Cerberus Capital Management, where he had been a managing director for six years with responsibility for real estate, lending and private equity transactions.
Prior to that, Arnold spent five years at ING as managing director and senior real estate acquisitions officer, overseeing portfolio management and coordinating financing facilities. Previous employers include Credit Suisse and Salomon Brothers (now Citigroup).
