Experience meets expertise.
Our team has decades of experience preserving and growing our investors’ capital.
Co-Founder and Managing Partner
Khalifa Al Kindi is a Managing Partner of Abu Dhabi-based Liwa Capital Advisors, which he co-founded with Hashim Kudsi in 2017. Prior to Liwa, he established Abu Dhabi Investment Council (ADIC) in 2007 and served as its Managing Director. His career began in asset management at Abu Dhabi Investment Authority (ADIA) in 1983, where he ultimately served as Deputy Managing Director from 1997 to 2007.
During his leadership of the investment committees at both ADIC and ADIA, Mr. Al Kindi developed specialized knowledge across asset classes. He understands the complex nature of both long-term investing and market fluctuations, which enables him to identify managers who prioritize the stewardship and the preservation of assets.
His dedication to advancing the United Arab Emirates has been demonstrated in his commitment through numerous director and chairman roles in major financial institutions and government bodies: Chairman of the Board of UAE Central Bank, Chairman of the National Bank of Abu Dhabi, Member of the Supreme Petroleum Council, Board Member of ADIA, Chairman of Abu Dhabi National Insurance Company, Member of Allianz International Advisory Board and Chairman of the Arab Banking Corporation, among others.
Mr. Al Kindi received an honorary doctorate from Eastern Michigan University in Ypsilanti, Michigan, where he had previously earned a bachelor of science in economics.
Co-Founder and Managing Partner
Hashim Kudsi is the Managing Partner of Liwa Capital Advisors, which he co-founded in 2017 with Khalifa Al Kindi. Previously, Mr. Kudsi worked with Mr. Al Kindi in establishing the Abu Dhabi Investment Council (ADIC) in 2007, where he served as an Executive Director responsible for Active Investment Strategies and as a member of the ADIC Investment Committee. He began his professional career at the Abu Dhabi Investment Authority (ADIA) in 1989.
Mr. Kudsi has an extensive background in the asset management industry. In a career managing portfolios and evaluating asset managers for both ADIA and ADIC, he has identified many best-in-class asset management firms and has worked with each one directly over the years. His understanding of global financial markets, asset classes and economic cycles has given him the expertise to identify an allocation framework that has preserved and grown wealth over decades.
Mr. Kudsi has experience in the banking sector through his involvement as a Non-Executive Director at the National Bank of Abu Dhabi and his time serving as a member of its Risk Management Committee. Mr. Kudsi holds a bachelor of science in business administration from American University in Washington DC and is a Chartered Financial Analyst.
Managing Director
David Amirtham is a Managing Director responsible for fund management and portfolio analysis at Liwa Capital Advisors. Through his career at the Abu Dhabi Investment Council (ADIC) and the Abu Dhabi Investment Authority (ADIA), he has developed technical capabilities and gained direct experience evaluating the work of asset managers.
Prior to Liwa, Mr. Amirtham was the head of Portfolio Modeling at All Seasons PTL Investment Management Ltd. in Dubai. He served as an investment analyst in the Active Investment Strategy Department of the Abu Dhabi Investment Council (ADIC) for five years, where his responsibilities included manager selection, monitoring and portfolio analysis. He began his career in 2000 as a research analyst in the Treasury Department of the Abu Dhabi Investment Authority (ADIA), building quantitative models.
Mr. Amirtham earned a Bachelor of Science from the University of Madras and is both a Chartered Financial Analyst and a Chartered Accountant.
Executive Director
Marie Nicolas is an Executive Director of Liwa Capital Advisors, responsible for business operations. Ms. Nicolas started her career at Abu Dhabi Investment Authority (ADIA) in 1991 and was a member of the startup team that launched Abu Dhabi Investment Council (ADIC) in 2007.
In working directly with Mr. Al Kindi, she has experienced the transformation of the industry, administrative operations and technology. Ms. Nicolas has a bachelor’s degree in business administration from the American University of Beirut.
Finance Manager
Amudhan Peter Rajan is responsible for accounting and operations at Liwa Capital Advisors. Mr. Rajan began his career as an Audit Consultant at Ernst & Young GDS. Prior to Liwa, Mr. Rajan was an Audit Senior at Deloitte & Touche AERS India Private Limited.
Mr. Rajan completed his professional education at the Institute of Chartered Accountants of India. He has a Master of Commerce from The Indira Gandhi National Open University (IGNOU) and is a Chartered Accountant.
Leadership & Development Consultant
Zachary Wieder is the Chief Executive Officer of Principles, a company he started with Bridgewater founder and Chairman Ray Dalio. Zachary has been working with Liwa Capital Advisors as a consultant to help enhance the organization’s culture and performance of the team. Furthermore, he supported the implementation of Dot Collector® within the team, and provided guidance on using the tool for development.
At Principles, he was responsible for building their world-class personality assessment product, PrinciplesYou, that boasts over 1M users, which he built in partnership with world-renowned psychologists Adam Grant, Brian Little, and John Golden. He brings over a decade of experience across management, strategy, operations, and talent management across startups and corporates, including almost 10 years at the world’s largest hedge fund, Bridgewater Associates. At Bridgewater, Zachary worked directly with Dalio, managing the team responsible for key initiatives related to Bridgewater’s management transition, with direct oversight of internal Training and Development at the firm. He has experience coaching 1,000+ employees as well as advising executive teams at multiple unicorn startups and fortune 500 companies in order to help them achieve their performance and culture goals.
Zachary received his Bachelor of Arts from Princeton University where he graduated Summa Cum Laude with a degree in Comparative Literature.
Associate Software Engineer
Flavia Trotolo is an Associate at Liwa Capital Advisors, contributing to technology and software development initiatives. She holds a Bachelor of Science in Computer Engineering from New York University Abu Dhabi. Flavia has experience in optimizing web-scraping for and developing scalable algorithms for data analysis and automation. She has also worked as a front-end developer on various projects, including responsive web applications and dynamic data visualizations, with skills across multiple programming languages and frameworks. Fluent in three languages, Flavia is passionate about technology-driven solutions and innovation.
Advisor
Alexandre M. Andreani is the founder and executive director of Andreani & Associés, a leading private investment office in Geneva, Switzerland. The firm is a trusted advisor to top-tier single and multi-family offices, as well as institutional investors, with a focus on specialized alternative investments. Andreani & Associés manages "outsourced CIO (OCIO)" discretionary and advisory mandates for prominent family offices, ultra-high net worth individuals, and external asset managers across Switzerland, Europe, Luxembourg, Monaco, the UK, the Middle East, China and Australia. The firm also provides advisory services to insurers, endowments, foundations, and private banks, and conducts due diligence on behalf of its clients within the OCIO framework.
Mr. Andreani has served as Chief Investment Officer for Single Family Offices in Switzerland, where he has been responsible for creating and managing macro-based strategic asset allocations, conducting fundamental research, and generating investment ideas for institutional and family office clients. Over the course of his career, he has overseen nearly one billion dollars in investments. With over 15 years of experience as a Hedge Fund Portfolio Manager and Proprietary Trader, Mr. Andreani has expertise in trading global macro, equity, and derivative strategies. He has also been involved in fund selection and hedge fund sourcing and has served as a Member of the Alternative Investment Committee and Senior External Advisor for multi-billion-dollar family offices.
Previously, Mr. Andreani has held positions at J.P. Morgan, BNP Paribas, Q.I.R. Quantitative Investment Research, and Louis Capital Markets in New York. He has also taught at alternative investment seminars in collaboration with the Geneva Finance Research Institute (GFRI). Additionally, he has lectured on quantitative investment strategies and portfolio management as part of the Master of Science in Wealth Management program at the Université de Genève (Unige) and GFRI.
Throughout his career, Mr. Andreani has held leadership roles, including serving as President and Board Member for various financial and industrial companies. He is a prominent speaker at various symposiums worldwide, including events organized by AIMA, and serves as an Advisory Board Member at the European Multi-Family Office Symposium hosted by Institutional Investors. His deep expertise in asset allocation, hedge funds, and alternative investments has led to frequent interviews in publications like With Intelligence.
Mr. Andreani is an advisor to Liwa Capital Advisors, based in Abu Dhabi.