SSgA Takes on Miles O’Connor as EMEA Institutional Head
State Street Global Advisors (SSgA) appointed Miles O’Connor to be head of its institutional business in Europe, the Middle East, and Africa (EMEA). O’Connor will join State Street’s executive management team effective immediately, and will focus on developing new relationships and addressing the needs of existing institutional clients in the region.
O’Connor comes to SSgA from Geneva-based Unigestion, where he has named as the firm’s U.K. chairman and non-executive director in December of 2016. Prior to joining Unigestion, O’Connor served as head of Schroder’s institutional business in the U.K. and Europe between 2004 and 2015. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
Private equity firm BC Partners hired Goldman Sachs Group Inc. and JPMorgan Chase & Co. to advise on the sales of Acuris. Acuris is a collection of financial news and data sites, which includes Mergermarket, Dealreporter, and Debtwire. In 2017, BC Partners sold around a 30% stake in GIC Private Limited.
Before the rebranding to Acuris, Mergermarket was part of The Financial Times Group until 2013 when it was sold off to BC Partners.
Aflac Inc. is an American insurance company founded in 1955. The company is the biggest provider of supplemental insurance in the United States. Aflac also has major operations in Japan.
In December 2018, Japan Post Holdings (JPHLF) signaled it was spending US$ 2.64 billion for a 7-8 % stake in Aflac. The goal is that, in four years time, Aflac will become an affiliate of Japan Post. Japan Post hopes to accomplish this by becoming the largest voting shareholder of the company. The world’s 13th largest company, with 400,000 employees, Japan Post needs to expand to chase further growth, mainly because Japan Post expects the postal business to decline. Diversification is seen as the optimal route to long term stability for the holding company. Japan’s economy is worrying. Japan’s aging population means that many insurance companies are facing a shrinking customer base, Japan Post settled on a plan to expand overseas.
[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
The Russian Direct Investment Fund (RDIF) and the Development Agency of Serbia, also known as Razvojna agencija Srbije, reached an agreement to work together to identify attractive investment projects to strengthen bilateral economic ties and increase investment flows between Russia and Serbia. Russian capital and businesses are keen on investing in Serbia.
In addition, the two countries signed an agreement to cooperate on civil nuclear energy, according to state-owned Russian reactor builder Rosatom (Rosatom State Nuclear Energy Corporation). Rosatom continues to expand it business of nuclear cooperation deals in a wide number of countries.
-
3 weeks agoWarburg Pincus Digs into Mainland Chinese Real Estate
-
3 weeks agoMichael Maduell – Bold Predictions for 2019
-
1 week agoCaisse des Depots Raises Second Massive French Residential Property Fund
-
3 weeks agoSaudi Real Estate Refinance Company Creates 11 Billion Riyal Sukuk Program
-
3 weeks agoNew World Development Company Buys FTLife from JD Group
-
2 weeks agoBridgewater Associates to Outsource Some Corporate Functions to Genpact
-
3 weeks agoIs Russia Leading the Trillion Dollar Race for Arctic Dominance?
-
2 weeks agoWill Tesla’s 2018 Rough Ride Get Rockier in 2019?