ADNOC reported to appoint a Morgan Stanley banker as chief investment officer
United Arab Emirates · 13 weeks ago · Reported via sources — unconfirmed
Reports in August 2026 said ADNOC has appointed Michael O'Dwyer, Morgan Stanley's global co-head of energy investment banking, as chief investment officer, succeeding Klaus Froehlich — who also came from Morgan Stanley.
It is the second consecutive time ADNOC has filled the role with a Morgan Stanley banker. O'Dwyer has previously worked at Lehman Brothers and Eni.
The move comes amid ADNOC plans to raise its US investments to $440bn over the next decade, with its international investment arm XRG lining up tens of billions of dollars for a US gas push. The report rests on sources and has not been formally confirmed by the company.
Source: Bloomberg, via Investing.com and Zawya
Summarised by Sawnly from published reporting, verified on 27 Aug 2026. Some details rest on unofficial sources and can change; refer to the original.