Robert Wages quits ADIC

Abu Dhabi Investment Company’s private equity chief left the firm on Sunday to pursue ‘other opportunities’. Serkan Kizil will act as interim head of private equity.

Robert Wages has left his position as executive director of private equity at Abu Dhabi Investment Company (ADIC) after two years at the firm.

His plans going forward were not disclosed by a spokeswoman who confirmed Wages’ departure.
“For some time, Rob has been considering a number of options and other interests, and he has now decided to leave ADIC to pursue those opportunities,” she said.

Wages joined ADIC in February 2007 and held responsibility for developing both the firm’s fund of funds investment activities and its direct investments in the Middle East and North Africa. Prior to this, he spent 17 years at New York-based mid-market buyout firm Castle Harlan.

Wages will be replaced in the interim period by Serkan Kizil, who currently holds the position of senior vice president, ADIC Private Equity. Kizil joined the firm in June 2008 after nine years of investment banking at Goldman Sachs in New York and London.