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SWFI First Read, April 6, 2017

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Citigroup Hires Shawn Borisoff as MD on Global Asset Managers Team

Citigroup hired Shawn Borisoff to be a managing director on its global asset managers team which covers Europe, Middle East and Africa (EMEA) private equity deals. Borisoff will remain in London for the role and report to Anthony Diamandakis and Christian Anderson, executives at Citigroup. Previously, he worked at UBS as a managing director since 2007. Before that, Borisoff had a stint at HSBC.

Citadel Hires Macquarie Specialist as Head of Commodities

Citadel LLC named Sebastian Barrack as head of commodities. The commodity trading unit is involved in activities such as trading gasoline crack spreads. Barrack will start effective July 2017 and be based in Chicago. Before Citadel, Barrack was Co-Head of Metals, Mining and Agriculture at Macquarie Group – being with the firm since 1996.

The last official Head of Commodities, besides founder Ken Griffin running the unit in the interim, was Mark Stainton. Mark Stainton became Citadel’s head of global equities.

CDPQ Invests in Eddyfi Technologies

At the end of March, Caisse de dépôt et placement du Québec (CDPQ) invested C$ 36.5 million in Eddyfi, a Québec City-based developer of inspection equipment and software for the industrial sector, for a minority equity stake. Eddyfi is specialized in the development of equipment and software used to detect cracks, corrosion and other anomalies on different types of structures – utilizing advanced non-destructive testing (NDT) technologies.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

NSIA Reappoints Stella Ojekwe-Onyejeli and Appoints Aminu Umar-Sadiq as Executive Directors

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On March 9, 2019, the Nigerian President confirmed the appointment of two Executive Directors to the NSIA Board (Nigeria Sovereign Investment Authority). Stella Ojekwe-Onyejeli has been reappointed as Executive Director for a second term. She is also the Chief Operating officer of NSIA. In addition, Aminu Umar-Sadiq, who is NSIA’s Deputy Head of Direct Investments, has been appointed, for the first time, as Executive Director.

In 2018, the NSIA Board established for the first time a Direct Investment Committee for review and oversight of investments in core domestic infrastructure sectors such as motorways, agriculture, healthcare, power, and education.

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HFF Finds a New Home in Jones Lang LaSalle

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Jones Lang LaSalle Incorporated (JLL) inked a deal to acquire Dallas-based HFF, Inc. JLL will acquire all the outstanding shares of HFF in a cash and stock transaction with an equity value of approximately US$ 2 billion. The transaction has been unanimously approved by the boards of directors of both companies. Mark Gibson, CEO of HFF, will join JLL as CEO, Capital Markets, Americas and Co-Chair of its Global Capital Markets Board. The transaction is expected to close in the third quarter of 2019, subject to HFF shareholder approval and customary closing conditions, including regulatory review.

Transaction Details

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IFM, Polish Development Fund, PSA Acquire Gdansk Terminal

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The Polish Development Fund, known locally as Polski Fundusz Rozwoju S.A. (PFR), signed a deal to lead an investor group to acquire the largest container terminal in Gdansk from an infrastructure fund managed by Macquarie. The transaction is worth more than 5 billion zlotys (US$ 1.3 billion). DCT Gdansk is the only terminal in Baltic sea region that can serve Ultra Large Container Vessels, also known as UCLVs.

The Polish Development Fund and IFM Investors will each acquire a 30% stake in the Gdansk terminal, while PSA International Pte Ltd (which is owned by Temasek Holdings), will own 40% of the terminal.

Macquarie was advised by Goldman Sachs.

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