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QSuper CEO Rosemary Vilgan to Retire in October

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QSuper CEO Rosemary Vilgan will retire effective October 23, 2015. Vilgan has been with the Brisbane-based superannuation fund for 27 years, 18 years as its CEO. QSuper will begin a formal search for the fund’s next CEO.

QSuper is one of Australia’s largest superannuation funds. QSuper has more than 540,000 members where it invests in excess of A$ 59 billion. The superannuation fund has a total of around A$ 90 billion in accounts.

Under Vilgan’s leadership, she oversaw member accounts go from A$ 13 billion to A$ 90 billion.

“The decision to leave the Group hasn’t been easy, nor is it one that I have made lightly, but I believe now is the time to move on and allow a new CEO to take QSuper to the next stage,” Vilgan said in a press release.

Rosemary Vilgan was ranked #8 out of 100 public fund executives in the 2014 ranking.

A pioneer in the world of super funds, Rosemary Vilgan is the CEO of QSuper, an enormous Australian retirement investor. Vilgan has been a pioneer at QSuper, instituting a number of policies and initiatives to enable the asset owner to meet its end user objectives. For example, QSuper developed 8 unique cohorts (differing levels of investment risk) for its almost 500,000 members – generating curiosity from pension administrators globally. Change-driven, Vilgan and her team are looking into new ways to provide income security for its members. In 2013, Vilgan was named Telstra Australian Business Woman of the Year.

SWFI First Read, September 19, 2018

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QIA Eyes Investment in Chinese Lender Lufax

The Qatar Investment Authority (QIA) is in talks about a possible investment into Shanghai-based Lufax, one of China’s largest online lenders. The seller of the possible stake is China’s Ping An Insurance (Group) Co. Ltd. Lufax’s official name is Shanghai Lujiazui International Financial Asset Exchange Co. Ltd.

Wealth Funds Back Hotpot Giant

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Japanese Government Capital Provides Initial Life for Texas Bullet Train

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Dallas-based Texas Central Partners, LLC is the developer of a proposed high-speed rail system, dubbed the Texas Bullet Train, between Dallas and Houston. Project costs are estimated between US$ 12 billion to US$ 15 billion. The developer secured US$ 300 million in project loans from Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN) and the Japan Bank for International Cooperation (JBIC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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DOJ Investing Tesla Over Musk Comments

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The U.S. Department of Justice (DOJ) is conducting a fraud investigation over Tesla as its CEO Elon Musk made public statements on twitter. This is a criminal probe. In addition, earlier, SWFI reported the U.S. Securities and Exchange Commission (SEC) is conducting a civil inquiry into Elon Musk regarding his statements.

This all surrounds Musk tweeting in August that he was thinking of taking Tesla private and had “funding secured” for the transaction. Both government authorities are seeing if Musk misled investors and violated federal securities laws with his public statements.

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