DR PETER HARDING – BIOGRAPHICAL NOTE
The author retired in 2006 from the position of Chief Investment Officer with the London Office of the Abu Dhabi Investment Authority, the role he performed for the last eighteen of a forty year City career. Previously he held senior appointments in investment management with the BP Pension Trust and with a quoted life insurance company. Still with ADIA, he now manages a large portfolio of European equities.
Trained originally as an accountant, he was educated at the London School of Economics, obtaining degrees in economics, econometrics and operational research. He was awarded his MBA at Cass Business School, and his DBA at Henley Business School, the latter in respect of a thesis with the title: ‘Risk Control under a Dynamised Linear Optimisation Model of the Portfolio Management Problem’.
An earlier version of the article on payout policy was submitted as part of the requirements for the DBA. It has now been published in the Henley Working Paper series (www.henleymc.ac.uk).