Citi's former TM head joins sovereign wealth fund

Citi's former TM head joins sovereign wealth fund

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Steven Dalzell, the former global head of transition management at Citi, has joined the Abu Dhabi Investment Authority (ADIA).

Dalzell, who spent six years at Citi and has also worked at BlackRock, will take charge of the sovereign wealth fund’s transition management operations.

He will be responsible for ensuring changes in the sovereign fund’s asset allocation or investment management are handled efficiently, ADIA said in a statement, and will report to Salem Alblooshi, executive director of central dealing department.

Dalzell has relocated from London to the United Arab Emirates.

Under his leadership, Citi’s TM team grew substantially, expanding from an equity specialist five years ago to an operation with global presence and an ability to execute projects across all asset classes.

Dalzell's team also won several awards over the last few years, most recently winning the Global Investor/ISF 2015 award for transition management in the MENA region.

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