Robert Walker, the head of real estate for Asia-Pacific at Abu Dhabi Investment Authority, the sovereign wealth fund of the United Arab Emirates, is stepping down from the leadership position.
PERE has learned from sources that Walker is in the process of formalizing his departure and will be leaving the firm at the end of April. Todd Rhodes, senior portfolio manager for Asia at ADIA, will be the acting head of Asia until a permanent replacement is announced.
ADIA declined to comment on the news.
A long-serving executive at ADIA, Walker took on the leadership mantle at the state fund in 2012. According to his LinkedIn profile, Walker previously spent over two years as portfolio manager for ADIA, and has also worked with Macquarie and Hines.
ADIA manages more than $770 billion of assets, according to the Sovereign Wealth Fund Institute.
In October, the state fund opened its first Asia office in Hong Kong to broaden and deepen its network of relationships and identify new opportunities in China and other key Asian markets, according to an official statement. Dong-Sinh Ngo is leading the office as chief representative for Asia-Pacific and is responsible for managing a team that will conduct investment-related research and analysis of Asian markets and trends. Ngo was previously head of products and investment solutions at Credit Agricole in Hong Kong.