Friday SWFI News Roundup, September 30, 2016
From Columbia to Harvard, Narv Narvekar Takes the Reins as CEO of HMC
Narv Narvekar is taking the role as Chief Executive Officer of Harvard Management Company (HMC). He is leaving his role as CEO of Columbia University’s endowment. In addition, Peter Holland, Columbia University’s endowment CIO is taking Narvekar’s role as CEO.
Singapore Technologies Engineering Removed from NBIM Banned List
Norges Bank Investment Management (NBIM) can now resume investing in Singapore Technologies Engineering after getting recent approval from the board of Norges Bank. Singapore Technologies Engineering was excluded from Norway’s SWF universe in 2002 over the production of anti-personnel landmines. The Board of Norges Bank has now reversed its decision stating publicly in a statement, “The Council on Ethics has received confirmation from Singapore Technologies Engineering that the company no longer has any activities associated with production of antipersonnel landmines or cluster munitions.”
Victorian Funds Management CIO to Resign
Victorian Funds Management Corporation’s (VFMC) chief investment officer is stepping down after eight years in the role. Justin Pascoe plans to remain on board as VFMC transitions to a new CIO.
Syntrus Achmea Real Estate & Finance Seeks to Expand Mortgage Portfolio
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