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John C. Williams Appointed to President and CEO of the Federal Reserve Bank of New York

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John C. Williams was named President and CEO of the Federal Reserve Bank of New York. In a news release, Williams was appointed by the eligible members of the New York Fed’s board of directors and approved by the Federal Reserve Board of Governors – with a term starting on June 18, 2018.

Williams, a long-time Federal Reserve insider, is replacing William C. Dudley, who is retiring.

Williams is currently President and CEO of the Federal Reserve Bank of San Francisco – starting in that role since March 2011, when he took over succeeded former Federal Reserve Chairwoman Janet Yellen’s spot. Once the news hit of Williams appointment, Yellen released a statement praising the selection of John C. Williams.

Photo Credit: Federal Reserve

Ping An Good Doctor Lures Big Public Asset Owners

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Ping An Good Doctor, formerly known as Ping An HealthCare and Technology Company, is a Chinese online healthcare platform that is part of Ping An Insurance (Group) Company. This unit is planning to be offered in a Hong Kong initial public offering that could raise as much as 8.8 billion HKD in shares at 50.80 or 54.80 HKD per share.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Temasek and Schneider Electric Eye L&T Electrical Unit

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Singapore’s Temasek Holdings and France-based Schneider Electric are in talks to acquire Larsen & Tourbo’s electrical and automation business. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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CalPERS Allocates $1 Billion Internally to a Global ESG Strategy

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In February 2018, the California Public Employees’ Retirement System (CalPERS) allocated US$ 1 billion to an internally-managed QSI Global ESG strategy. The internally-managed strategy was developed by New York-based QS Investors, LLC, a subsidiary of Legg Mason. CalPERS entered into a 5-year contract with QS Investors, with a possible spend of over US$ 1 million per annum.

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

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