Mubadala taps new infrastructure lead

Mubadala tapped Richard Nordell (LinkedIn) as head of its infrastructure unit, taking over from Saed Arar (LinkedIn). Nordell has been working with the sovereign wealth fund for over 12 years, most recently serving as head of real estate investments.

IN CONTEXT- Infrastructure has been a major priority for Mubadala recently. Last month, the sovereign fund backed Bermuda-based Textainer’s acquisition of shipping container firm Seaco, adding to its growing transport and logistics infrastructure portfolio. It has also been ramping up acquisitions across energy infrastructure assets.