CIO of $168 Billion Australia Fund Quits for Abu Dhabi Rival (2)

Ben Samild, the investment chief of Australia’s A$252 billion ($168 billion) sovereign wealth fund, has resigned to take up a senior position at a Middle East rival.

Samild will be joining the Abu Dhabi Investment Council as its chief strategist, according to people familiar with the matter, who asked not to be identified as the details aren’t yet public. ADIC didn’t immediately respond to a request for comment.

The move comes as the unit of Abu Dhabi wealth fund Mubadala Investment Co. bolsters its senior ranks and seeks to ramp up global investments. ADIC has recently hired Alain Carrier ...