SWFI First Read, June 12, 2016

Hermes Investment Management Hires Former BlackRock Director

Hermes Investment Management hired Gareth Davies as head of client relationship management. Davies will report to Mark Miller, Hermes’ head of U.K. and MENA institutional. Before joining Hermes Investment Management, Davies was Managing Director at BlackRock for around 10 years. At BlackRock, Davies was in charge of overseeing U.K. pension schemes and liability-driven (LDI) investment strategies. Before BlackRock, Davies had jobs at Henderson Global Investors and J.P. Morgan Asset Management.

Iran Preps Contracting in Anticipation of Foreign Partners in Further Petro Development

Iran’s Oil Ministry has been planning a new contracting model with regard to foreign companies operating in the Iranian petroleum sector. European energy companies such as France’s Total and Italy’s Eni are eager to tap Iran’s oil sector. For example, the Iranian government and Total inked a non-disclosure agreement on the development of the South Azadegan oil field, which is shared by Iran and Iraq. As international sanctions begun to lift, the country has been preparing for a possible export bonanza. Iran also has plans to construct refineries and chemical plants in relation to the oil industry.

China Vanke Launches U.S. Real Estate Firm

Shenzhen-based China Vanke, a large residential real estate developer in mainland China, formed a U.S.-based real estate firm to target investments on a global basis. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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