Abu Dhabi Investment Authority appoints CFO of private equities department
The Abu Dhabi Investment Authority (ADIA) has appointed Marc Keirstead as chief financial officer of its private equities department, effective immediately.
In his new role, Keirstead (pictured) will be responsible for the oversight and delivery of the finance and administration function for the private equities department.
This function encompasses portfolio and asset-level valuations, reporting and analytics, transaction support, management information systems and compliance related to the private equity portfolio.
Based in Abu Dhabi, Keirstead will report to Hareb Al Darmaki, executive director of the private equities department.
With over 20 years of experience in finance and accounting, Keirstead joins ADIA from Canada Pension Plan Investment Board (CPPIB), where he oversaw the finance and operations function for its private investment portfolio as a director of investment finance. Prior to joining CPPIB in 2008, he held senior roles at the private equity investment subsidiary of Ontario Municipal Employees Retirement System (OMERS) and a number of companies in media, digital entertainment and communications. He began his career at Coopers & Lybrand, later PricewaterhouseCoopers.
Al Darmaki says: “Marc brings considerable expertise in financial and operational oversight in the private equity space, and we are very pleased to welcome him to the team.”
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