Credit Investor Phillips Leaves Texas Pension for Mubadala Arm

Abu Dhabi Investment Council hired Michael Phillips as head of corporate credit, according to a person with knowledge of the matter.

Phillips was most recently head of credit in special opportunities at the Teacher Retirement System of Texas. He will be based in Abu Dhabi when he joins ADIC, an arm of Mubadala Investment Co., in July, said the person, who asked not to be identified because the appointment isn’t yet public.

Phillips will report to Steve Bild, head of credit, and Shiv Srinivasan, chief investment officer of active investments.

Through a Mubadala representative, ADIC declined to ...