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Gonski Leaves Future Fund Chair for ANZ Chair

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David Gonski

David Gonski

David Gonski, the chairman of Australia’s largest sovereign wealth fund, will be stepping down as he plans to take on a new chair role. Gonski will be replacing John Morschel as chairman of Australia & New Zealand Banking Group Ltd (ANZ Bank) in May 2014. Gonski took over the role as chairman of the Future Fund in April 2012. As being the sovereign fund’s second chairman, his term at the Future Fund was due for expiration in April 2017. The decision to step down was to avoid any conflict of interest.

Peter Costello will take over as acting chairman of the Future Fund on January 11, 2014. Costello is the former treasurer of Australia and had been a board member of the sovereign fund since December 2009.

According the ANZ’s press release, ANZ Chairman John Morschel said: “David is one of Australia’s most respected business leaders and company directors. He knows ANZ well having previously served as a director from 2002 to 2007, and it is particularly pleasing to have someone of his calibre join the Board and to succeed me.”

David Gonski is ranked #19 on the Public Investor 100.

PGGM Executed its Inaugural Cleared Securities Lending Trade

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Service providers are keen on getting more beneficial owners to participate in the cleared securities lending market. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Altitude Infrastructure Gets Financing on Haute-Garonne Network Project

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Altitude Infrastructure SAS inked a 25-year concession agreement and closed a debt financing package for the deployment and maintenance of an ultra-high-speed broadband network in Haute-Garonne. Haute-Garonne is a department in the south of France.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Guggenheim Partners Agrees to Acquire Millstein & Co.

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On July 11, 2018, Guggenheim Partners inked a deal to acquire New York-based Millstein & Co., L.P., an advisory firm formed by Jim Millstein. Millstein will become co-Chairman of Guggenheim’s securities business. Millstein & Co. will become part of Guggenheim Securities, the investment banking division of the company. Ronen Bojmel will lead the combined Guggenheim restructuring team.

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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