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SWFI First Read, February 28, 2018

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Temasek Invests in Viela Bio

Gaithersburg, Maryland-based Viela Bio has incorporated as an independent inflammation- and autoimmunity-focused biotechnology company after spinning out six molecules from MedImmune, the global biologics research and development arm of AstraZeneca. Viela Bio raised US$ 250 million from an investor group led by Boyu Capital, 6 Dimensions Capital, and Hillhouse Capital, along with Singapore’s Temasek Holdings and Sirona Capital. AstraZeneca will remain the largest minority shareholder of Viela Bio.

Dave Sauvarin to Head up Guernsey at Northern Trust

Dave Sauvarin was named Head of Guernsey business at Northern Trust. He replaces Belinda Aspinall who took on a senior position at Northern Trust’s London office. Sauvarin will report to Teresa Parker, President of Northern Trust in Europe, the Middle East and Africa (EMEA) at Northern Trust.

HNA Group to Guide Some Projects Toward OBOR

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White House Nominates Heath Tarbert for CFTC Chairman

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The White House announced Heath P. Tarbert will be nominated to serve as Commissioner and Chairman of the Commodity Futures Trading Commission (CFTC). Tarbert currently serves as Assistant Secretary for International Markets at the U.S. Treasury Department. Before joining the U.S. Treasury, Tarbert was a Partner at law firm Allen & Overy. Tarbert was confirmed by the U.S. Senate for his current Treasury post at 87 (yes) to 8 (no).

Upon Senate confirmation, Tarbert’s CFTC term would start on April 14, 2019 and last for five years. Tarbert is taking over from J. Christopher Giancarlo whose term ends in April 2019. Tarbert will need a U.S. Senate confirmation to take the head CFTC post.

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KIA Could Sell Stake in North Sea Energy Business

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The Kuwait Investment Authority (KIA), through its unit Wren House Investment Management, is nearing a deal to sell a 40% stake in its North Sea energy business to JPMorgan Asset Management. In July 2018, KIA closed on a deal to acquire oil and gas pipeline firm North Sea Midstream Partners from ArcLight Capital.

More details to follow –

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Pensioenfonds PGB Hires BMO Global for Equity Protection Strategy

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Pensioenfonds PGB is a Dutch multi-sector pension fund. PGB awarded a mandate to implement a protection strategy for its €12 billion equity portfolio to BMO Global Asset Management. PGB is a €26.5 billion fund. PGB has been using BMO Global’s responsible engagement overlay since 2017.

The Chief Investment Officer of PGB is Harold Clijsen.

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