SWFI First Read, October 3, 2016
Former Fed Chairman Greenspan to Serve as an Economic Advisor to Advisors Capital Management
Ridgewood, New Jersey-based Advisors Capital Management, LLC has hired former Federal Reserve Chairman Alan Greenspan, to serve as an economic adviser. Greenspan served as Federal Reserve Chairman from 1987 to 2006. Greenspan has also been an advisor to hedge fund Paulson & Co.
OCBC Bank Has a New Head of Corporate Banking
OCBC Bank named Elaine Lam Su Yen to be the bank’s head of global corporate banking. Lam joined the bank 15 years ago, last as Head of Wholesale Corporate Banking at OCBC. She replaces George Lee who is retiring after 16 years at OCBC. Before joining OCBC, she had roles at ABN Amro Bank and UOB Bank.
GIC and CPPIB Eye Marketcity Development in Bengaluru
Singapore’s GIC Private Limited and the Canada Pension Plan Investment Board (CPPIB) have entered in bids to acquire a 50% stake in Marketcity, a mixed-use real estate development in Bengaluru, India. The Marketcity project is valued at around Rs 1,000 crore and is owned by Phoenix Mills. Recently, GIC acquired a 50% stake in a Viviana Mall in Thane, close to Mumbai, for Rs 350 crore.
BOJ’s Tankan Survey Tells No Improvement in Large Manufacturers’ Sentiment
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