Adia appoints ex-JD Group exec to lead China private equity

The Abu Dhabi Investment Authority (Adia) named Hugo Hu (LinkedIn) as China chief in its private equity division, Bloomberg reports. Hu, who formerly held the position of CFO at Jingdong Industrials, a subsidiary of China’s leading retailer JD.com, takes on this new role as Adia sharpens its focus on private equity investments. The move also coincides with UAE companies strengthening ties with China and India, inkling USD bn agreements to boost investments and trade.

Al Seer Marine appointed Gunther Alvarado (Linkedin) as deputy CEO, according to a press release (pdf). Alvarado has over 20 years of experience in the maritime industry, including 11 years at Al Seer Marine, and has been COO of the company since 2021. Al Seer Marine is an Abu Dhabi based global maritime organization, focusing on commercial shipping, yachting, boat building, large-scale 3D printing, and unmanned vessel platforms and capabilities.