SWFI First Read, June 23, 2017

QHG Oil Ventures Representatives Nominated to Rosneft Board

On June 22, 2017, Rosneft held its annual shareholder meeting in Sochi. Two new board members were nominated to represent the interests of QHG Oil Ventures, the holding company owned by Glencore and the Qatar Investment Authority (QIA). One is Ivan Glasenberg Chief Executive Officer of Glencore International AG (Glencore plc). The other member nominated to Rosneft’s board is Faisal M. Alsuwaidi, President of Research and Development at Qatar Foundation.

AIIB Board Approves Madagascar, Argentina and Tonga

The Asian Infrastructure Investment Bank (AIIB) will have new members including the countries of Madagascar, Argentina and Tonga. AIIB’s board of directors had approved the applications of the mentioned countries. The countries will officially join the AIIB once a few processes are completed including a first installment of capital with the bank.

Alison Harding-Jones Joins Citigroup

Citigroup hired Alison Harding-Jones as head of Europe, Middle East and Africa (EMEA) M&A and vice chairman of EMEA corporate and investment banking. Harding-Jones will be based in London. Previously, she was Head of Asia Pacific M&A at UBS Group AG.

Former Barclays Executive John Varley Steps Down from BlackRock Board of Directors

John Varley, an independent director of BlackRock, has resigned from the company’s board of directors effective immediately. Varley had joined BlackRock’s board in 2009, after BlackRock acquired Barclays Global Investors (BGI). At the same time, John Varley had also resigned from the board of Rio Tinto.

Varley was charged by the UK Serious Fraud Office (SFO) over Barclays dealings with Qatar back in 2008. Varley could face a maximum prison sentence of 22 years.

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