Peter Emmevid, head of quantitative analysis and portfolio manager at First Swedish National Pension Fund, is leaving the fund for the Qatar Investment Authority (QIA) to develop the sovereign wealth fund’s asset allocation strategy.

Emmevid’s move appears to be part of QIA’s hiring spree since it appointed a new CEO, Sheikh Hamad bin Jassim Al Thani, in 2014. In 2016, the sovereign wealth fund hired several senior executives, including a CFO, head of fixed income and head of passive investments, from asset management firms and other sovereign wealth funds, Bloomberg reported.

Emmevid announced the move on his Facebook page Thursday. In the post, he said QIC is “one of the largest state-owned investment funds in the world, which makes the mission extra exciting and challenging.”

Emmevid has served in multiple portfolio management roles at the First Swedish National Pension Fund for 12 years. He is a graduate from KTH Royal Institute of Technology.

QIA is the ninth-largest sovereign wealth fund in the world with more than $250 billion of assets under management.