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Euroclear Becomes Latest SWFI Member

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EuroclearEuroclear is the latest organization to join as a member of the Sovereign Wealth Fund Institute. The global Sovereign Wealth Fund Institute membership program is for leading asset managers and service providers engaged in the public investor community. Some of our members include the largest asset managers in the world.

About Euroclear
Euroclear is the world’s largest provider of domestic and cross-border settlement and related asset services for bond, equity, derivatives and fund transactions. Client interests are Euroclear’s top priority.

In 2012, the total value of securities transactions settled by the Euroclear group was US$ 735 trillion, while assets held for clients exceeded US$ 31 trillion. We serve clients from more than 90 countries across the world including a total of 100 central banks, SWF, investment authorities and supra-nationals. Other type of clients include large broker/dealers, commercial and universal banks, local and global custodians and central securities depositories as well as others involved in the issuance, settlement and asset servicing of domestic and international securities.

Managing an excess of US$ 1 trillion of daily collateral movements through our global Collateral Highway, Euroclear offers access to the widest range of counterparties across multiple products and asset classes. Euroclear’s Collateral Highway makes it easy to source and mobilise securities to be used as collateral for multiple purposes. Clients reduce their back-office work, have access to real-time information and benefit from a completely automated process to substitute and re-use collateral, when appropriate.

Extending our global Collateral Highway across the different continents is our priority as it fits in our plans to improve cross-border collateral mobility and liquidity. It also underscores our commitment to clients and market infrastructures to ease cross-border flows and contribute to linking emerging market economies with the traditional ones.

The Euroclear group includes the international central securities depository (CSD) Euroclear Bank in Brussels, as well as the national CSDs of Belgium, Finland, France, Ireland, Sweden, the Netherlands and the UK.

With links to Central Securities Depositories (“CSD”) in 44 markets, Euroclear Bank settles transactions in 54 currencies. Euroclear Bank is rated AA+ by Fitch Ratings and AA by Standard & Poor’s.

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Questions: Vince Berretta – vberretta@swfinstitute.org

NZ Super Names Three New Board Members

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New appointments have been made to the Board of the Guardians of New Zealand Superannuation Fund (NZ Super). The appointments were made on July 19, 2018. The three new board members are Catherine Drayton, Simon Botherway and Henk Berkman.

According to the NZ Super press release, “Simon Botherway’s appointment runs from 1 August 2018 to 30 September 2021. He is a professional director with a history in investment, investment regulation and supervision. Other board roles have included his current position as Chair of Serko, a director on Callaghan Innovation and previously being the Chair of the FMA Establishment Board and a member of the Securities Commission.

Henk Berkman will serve from 1 October 2018 to 30 September 2022. He has been Professor of Finance, Department of Accounting and Finance at the University of Auckland since 2008. Mr Berkman has held previous professorial positions at Massey University, University of Sydney and the University of Maastricht.

Catherine Drayton will serve from 1 November 2018 until 30 September 2022. She is a Christchurch-based director who previously led the Assurance and Advisory Practice for PwC in Central Eastern Europe. Her public sector governance experience includes her current role as Chair of Christchurch International Airport and as a member of the University of Canterbury Council. Her experience as a Director of Ngai Tahu Holdings has provided her with iwi governance experience.”

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AIMCo Names Former Talisman Energy Executive to Board

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The Alberta Investment Management Corporation (AIMCo) appointed Jacqueline (Jackie) Sheppard as a member of the board of directors for a term set to expire on June 30, 2021. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Grant & Eisenhofer Reveals Fortis Investors to Receive $1.5 Billion in Mega Settlement

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Law firm Grant & Eisenhofer won a landmark case for its clients after a seven-year legal duel in Dutch courts. On July 13, 2018, the Amsterdam Court of Appeals officially approved the largest securities settlement ever reached in Europe, paving a path for international insurance company Ageas N.V./S.A. to begin payment of US$ 1.5 billion (€1.3 billion) to multiple groups of institutional and individual investors from Europe and the United States. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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