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Dubai Investment Fund (DIF) Appoints New Head of ESG Department

Eustace Osborn was promoted to the position of head of the ESG Investment Department at DIF in July of 2022.

Dubai Investment Fund (DIF) Appoints New Head of ESG Department

Dubai Investment Fund (DIF) Appoints New Head of ESG Department (Picture Credits - IANS)

One of the largest independent funds in the world in terms of assets under management, Dubai Investment Fund (DIF), has recently formed a new department dedicated to environmental, social, and governance (ESG) investing. Eustace Osborn was promoted to the position of head of the ESG Investment Department at DIF in July of 2022.

The first seven to eight years in the company’s history were marked by expansion and during that time, the company filled several significant positions within its workforce structure.

The company appointed Mohammed Al-Rashid in 2003 as the fund’s chief investment officer (CIO).

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The Department of Social Projects was introduced in the structure of the company in 2004 and Mohammed Al Balushi wad appointed as its head.

In 2006, the Department of Innovative Investments was established within the company to examine alternative investment methods in emerging businesses with sophisticated innovation and Richard Malone, formerly the Leading Innovation Specialist at Evo Innovative Technologies, was appointed as a head of this department. 

The company made three appointments for key jobs within the organization in 2008. Mohammed Basma was named Director of the Strategic Investments Department. At the same time, Arthur McKinsey was appointed as Director of the Digital Innovation & Technology Department and Jason Williams was appointed as Chief Financial Officer and Head of DIF’s Financial Department.

The Chief Executive Officer and Managing Director of the company Amir Shams was appointed in 2002 and still holds this position.

Established in 2001, DIF manages assets worth over 320 billion dollars on behalf of its approximately 7,300 clients located in 61 different countries. The company’s headquarters are located in Dubai, in addition to 17 locations spread across the globe. 

According to a study conducted by the organization, the business anticipates making a profit of at least 8.5% annually for every $10 million spent on energy-efficient products and renewable energy projects.

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