Mubadala Capital Hires Ophir Shmuel as head of Business Development

Mubadala Capital said it hired Ophir Shmuel, a London-based money manager at Eaton Partners, as its new Head of Business Development.

Shmuel will “lead efforts to expand and deepen our relationships with investors globally,” Mubadala Capital, an investment arm of Abu Dhabi’s Mubadala sovereign wealth fund, said on LinkedIn.

At Eaton, a U.S. private equity firm based in Stamford, Conn., Shmuel was Managing Director and Head of the Europe, Middle East and Africa division in London.

Shmuel is a graduate of Oxford Brookes University in the U.K. and previously worked as a research analyst at Goldman Sachs.

Mubadala Capital was founded in 2011 as the sovereign wealth fund’s alternative investment arm and manages about $30 billion in assets. In 2017, Mubadala became the first sovereign wealth fund to manage third-party capital on behalf of global institutional investors.

In April, TWG Global, the U.S. investment firm led by financiers Mark Walter and Thomas Tull, took a 5% stake in Mubadala Capital. In December, Mubadala Capital acquired a 42% stake in Los Angeles-based credit asset manager Silver Rock Financial.