Another fundie moves to Abu Dhabi

Sumita Theagesan
First Abu Dhabi Bank - Executive Director - Global Markets Strategy and Business Development.
Date: 31 January 2024
Position: Executive Director - Global Markets Strategy and Business Development.
By Elizabeth Fry

A former U Ethical Investors executive has joined the throng of investment professionals relocating to Abu Dhabi.

Sumita Theagesan has resigned from her most recent role as a capital markets specialist at Accenture to take up a senior role at the UAE's largest bank, First Abu Dhabi Bank, within the global markets division.

She has landed a role as executive director of global markets strategy and business development.

Former Australian Retirement Trust deputy chief investment officer Charles Woodhouse is the sixth local investment specialist to move to an offshore sovereign wealth fund and the third to join the fast-growing Abu Dhabi Pension Fund.

He was has appointed chief investment officer at Abu Dhabi Pension Fund.

After spending over four years at AustralianSuper, Daniel Pool took up a role in the fast-growing Abu Dhabi Pension fund. He joined Philip Cheong, who moved from Russell Investments.

Former LGIA Super investment chief Troy Rieck joined Emirates Investment Authority as chief investment officer and longstanding AMP Capital executive Nader Naeimi was appointed a managing director at Singapore's GIC.

Also last year, QBE Insurance executive Lidia Slaven accepted a role as investment manager of infrastructure portfolio strategy and research at the Abu Dhabi Investment Authority.

Before her two years at Accenture and before her role at U Ethical as distribution manager, Theagesan was a fixed-income dealer for Mizuho Securities Asia - the Japanese investment banking and securities firm and subsidiary of Mizuho Financial Group.

She began her career in financial services in 2013 at Commonwealth Bank before moving into global markets in 2016 and undertaking various front office dealing roles between Sydney and Melbourne, specialising in foreign exchange, options, and interest rates.

Theagesan has also previously held positions at Colonial First State Global Asset Management (now First Sentier Investors) and PwC.