Equity specialist Terry Ewing (pictured) has left the Abu Dhabi Investment Authority to join Mediolanum Asset Management in Dublin.
Ewing, who was most recently a senior portfolio manager at ADIA, has come onboard Mediolanum as head of equities.
In his new role, Ewing will help to develop and roll out Mediolanum’s equity securities business, and join the investment committee to contribute investment solutions.
He will report to Brian O’Reilly, who is head of market strategy, and together they will work closely with CIO Christophe Jaubert.
Prior to joining ADIA, the 26-year industry veteran was head of North American equities at Ignis Asset Management in London.
In his earlier days, he headed portfolio managers and analysts managing North American equity and global equity portfolios at Old Mutual Asset Management and Britannic Asset Management.
Commenting on the hire, O’ Reilly said: ‘Terry joins at a very important time for the business, and as we look to build out our internal asset management capabilities on stock selection.
‘For many years Terry has been running equity portfolios and teams with a remarkable track record across several investment cycles. He will play a critical role in ensuring we build a world class stock picking investment process.’
The European asset manager plans to hire more equity investment professionals, as it looks to roll out its equity strategies platform.
Mediolanum International Funds CEO Furio Pietribiasi believes the asset management industry is in a period of consolidation.
‘We believe we are now aggressively bucking the industry trend by looking to significantly increase our skills and competencies in a number of strategic areas, which will be instrumental for our future growth,’ he said.