Goldman Sachs MD Departs for Desert Wealth Fund Amidst Crisis

Arthur Maghakian, a managing director at Goldman Sachs, has left the firm after seven years to join the Abu Dhabi Investment Authority (ADIA) as its quantitative research and development lead. This move reflects a trend of bankers heading to the Gulf Cooperation Council (GCC) region, particularly to ADIA, which already boasts a well-established quantitative team.