DWS hires Abu Dhabi Investment Authority's Latin America head

The fund arm of Deutsche Asset Management has boosted its emerging market expertise with the hire of Luiz Ribeiro from the Abu Dhabi Investment Authority (ADIA).

Ribeiro will head up DWS Investments’ Latin American equities division, reprising the same position he held at the $875 billion sovereign wealth fund.

He will spend most of his time in the Brazilian city of São Paolo and reports to Andreas Römer, head of Emerging Markets at DWS.

‘[Ribeiro] has a comprehensive knowledge of the Latin American investment arena as well as extensive experience in managing the associated products. His arrival allows us to further augment our local expertise in emerging markets’, said Asoka Wöhrmann, chief investment officer at DWS.

After a stint at ABN AMRO in the early 90s, the 44 year-old Brazilian national joined IFC-World Bank in 2003 and two years later moved to HSBC Group to manage one of the largest offshore Brazilian equity funds in the world.

He moved to ADIA in 2009 to build the Latin America equity team for the sovereign wealth fund.

Ribeiro is the second sovereign fund manager to move to DWS in just a few months.  

Hian-Boon Tay, senior fund manager at Singapore’s sovereign wealth fund, the government of Singapore Investment Corporation, joined DWS’ emerging markets team last December.