Abu Dhabi Investment Authority hires veteran software developer for data team

It comes as part of a broader push to target more people with backgrounds in science, technology, engineering and mathematics. (Shutterstock)

• Alexander Davidovich was hired by ADIA to build its technology platform from scratch
• Davidovich is a veteran software developer who previously worked for Goldman Sachs Group Inc., Morgan Stanley and JPMorgan & Chase Co.

RIYADH: The Abu Dhabi Investment Authority (ADIA) added a specialized expert to its in-house data analysis and artificial intelligence team, set up by the sovereign fund to develop new investment strategies, Bloomberg reported.
Alexander Davidovich was hired by ADIA to build its technology platform from scratch, according to a spokesman for ADIA. He will start in his new role in the quantitative research & development department this week, he said.
Davidovich is a veteran software developer who previously worked for Goldman Sachs Group Inc., Morgan Stanley and JPMorgan & Chase Co., the spokesman said.
It comes as part of a broader push to target more people with backgrounds in science, technology, engineering and mathematics as it aims to adopt a more science-driven approach, the spokesman said. The fund is exploring partnerships with academic institutions, he said.
ADIA has created the so-called Science Lab as a response to the emergence of big data and the transformation of global financial markets through technological advances. It falls under the Strategy and Planning Department of the Fund and currently has about 20 employees, Bloomberg said.
ADIA has been building an internal lab, last year, consisting of scientists whose primary role is to develop methods to digest large amounts of data, according to the spokesman.