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Invest AD Renews Ties With Sberbank on Asset Management Cooperation

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Invest AD, part of the Abu Dhabi Investment Council, and Sberbank Asset Management CJSC signed a Memorandum of Strategic Cooperation during the recent St. Petersburg International Economic Forum in Russia. This is a continuation of a strategic relationship in which they signed a similar document back in December 2012. OAO Sberbank is Russia’s largest lender and owns Sberbank Asset Management CJSC.

Both of these entities will seek to cooperate in asset management in the regions of Russia, CIS and the Middle East. Legal support and the sharing of market research enables the two organizations greater transparency when investing. Invest AD had worked with Sberbank as far back as 2009, when Invest AD joined Sberbank and invested in Mountain Carousel ski resort near Sochi, in the Krasnaya Polyana region.

David Sanders, chief investment officer of Invest AD, commented in a press release: “Invest AD has a long history of investing in the Middle East & Africa and in providing quality investment opportunities to clients. We are confident that our deepening partnership with Sberbank Asset Management will allow Russian investors excellent access to investment opportunities in the Middle East & Africa and allow Invest AD and Sberbank Asset Management to collaborate on innovative investment products.”

ADIA Seeks to Sell KIC Headquarters

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The Abu Dhabi Investment Authority (ADIA) is seeking to sell the building that houses the headquarters of the Korea Investment Corporation (KIC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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BMO and OTPP Test Blockchain Canadian Dollar Debt Deal

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The Bank of Montreal (BMO) and the Ontario Teachers’ Pension Plan (OTPP) participated in a landmark blockchain Canadian-dollar debt transaction. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Just Group Acquires Corinthian Pension Consulting

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Just Group plc acquired a 75% ownership stake in the holding company of Corinthian Pension Consulting Limited (Corinthian Pension Consulting). Operating in the institutional world for over 12 years, Corinthian Pension Consulting provides advisory services to defined-benefit pension scheme trustees and scheme sponsors undertaking bulk scheme exercises. The remaining 25% will be retained by current shareholders of Corinthian Pension Consulting. Robert MacGregor will continue to lead Corinthian Pension Consulting, as its Chief Executive Officer. Furthermore, Corinthian Benefits Consulting Limited and Corinthian Affinity Solutions Limited will continue to operate as before, becoming part of a newly formed holding company, Corinthian Group Holdings Limited.

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