Adrian Orr Named Deputy Chair of International Forum of Sovereign Wealth Funds
His term in the role will run for two years at which point he will advance to the role of Chairman of the 25 member group. Mr. Orr will perform his duties for the IFSWF in tandem with his duties at the Superannuation Fund.
Mr. Orr was also recently named the #22 public investor by the Sovereign Wealth Funds Institute’s Public Investor 100, a ranking of 100 of the most significant and impactful investors in public finance.
As Mr. Orr acknowledges, New Zealand has already played a significant role in the IFSWF particularly in, “assisting directly in the implementation of best practice guidelines for the operation of sovereign wealth funds,” he said.
The IFSWF is a voluntary group of sovereign wealth funds that meet to discuss issues of “common interest” and the Santiago principles, a set of rules adopted by the members that deal with operational issues including (but not limited to) governance, risk management, accountability and transparency.
Members of the IFSWF include the China Investment Corporation, the Abu Dhabi Investment Authority, the Australia Future Fund and the National Development Fund of Iran.
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