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Friday SWFI News Roundup, December 2, 2016

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In case you missed – Follow the Money – Episode #25

Jo Taylor Promoted to Senior Managing Director, International

Bjarne Graven Larsen, Chief Investment Officer, Ontario Teachers’ Pension Plan (OTPP), announced that Jo Taylor has been promoted into the new role of Senior Managing Director, International, effective January 1, 2017. Taylor joined OTPP in 2012 and is Regional Managing Director, Europe, Middle East and Africa and is located in the London office.

OCERS CIO to Resign in January 2017

Girard Miller, the Chief Investment Officer of the Orange County Employees Retirement System (OCERS), is resigning. This is effective, January 5, 2017. The pension is putting on a search for a CIO in January.

Brexit Minister Hints at Paying for Access, Sterling Rockets

On December 1, 2016, the British pound sterling surged to a 3-month high against the euro after David Davis, the Brexit minister, said the country would consider making payments to the European Union (EU) budget in exchange for access to EU markets.

Agustín Carstens Plans to Exit Central Bank for BIS Role

Agustín Carstens, the Governor of the Central Bank of Mexico, is leaving his post in July 2017 to lead the Basel, Switzerland-based Bank for International Settlements (BIS) in October 2017. This is a 5-year term at BIS as General Manager. He will succeed Jaime Caruana at BIS. The 86-year-old BIS is known as the central bank of central banks.

Agustín Carstens ranked #11 out of 100 on the Public Investor 100 for 2016.

Private Credit Trend: Allianz Global Investors Buys Sound Harbor Partners

Allianz Global Investors is purchasing New York-based Sound Harbor Partners, a private credit manager led by Michael Zupon and Dean Criares. Zupon is a former Partner at The Carlyle Group where he founded and led the leveraged finance business. Criares is a former Partner of The Blackstone Group where he founded and led the loan management business. The transaction is expected to close in the first quarter of 2017. Berkshire Capital Securities LLC served as M&A advisor, Kaye Scholer LLP served as legal advisor to Sound Harbor and Sullivan & Cromwell served as legal advisor to Allianz Global Investors.

Invitation Homes Secretly Files IPO

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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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