Abu Dhabi’s Biggest Fund Hires Ex-JD Executive in China

(Bloomberg) — Abu Dhabi’s biggest wealth fund has hired the finance chief of a JD.com Inc. unit to help oversee its private equity investments in China, at a time when the United Arab Emirates is increasing its bets on emerging markets.

Hugo Hu, the former Chief Financial Officer of Jingdong Industrials Inc., has joined Abu Dhabi Investment Authority (ADIA) as China chief in its private equities unit, a spokesperson for the fund said. A JD.com representative declined to comment