Abu Dhabi Investment Authority (ADIA), one of the world's biggest sovereign wealth funds, has opened an office in Hong Kong  marking its first on-the-ground presence in the territory, said a report.

ADIA also revealed Dong-Sinh Ngo as chief representative, Asia Pacific, based in Hong Kong, reported the state news agency Wam.

ADIA Hong Kong will act as a platform for the authority to broaden and deepen its network of relationships and identify new opportunities in China and other key Asian markets.

In addition to bringing ADIA closer to its key local contacts and investments, the office will assist in identifying new avenues for cooperation and growth in one of the fastest developing regions in the world.

Additionally, Ngo will support ADIA’s senior investment professionals based in Abu Dhabi. He will manage a team with responsibility for conducting a broad range of investment-related research and on-going analysis of Asia Pacific market and economic trends, added the report.