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SWFI – Movers and Shakers – January 11, 2015

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Obama to Nominate Community Banker to Fed’s Board of Governors

The White House is looking to nominate Allan Landon, a former community banker, to the Federal Reserve’s Board of Governors. Landon was chairman and chief executive of Bank of Hawaii Corporation, serving as CEO from 2004 to 2010. Landon also has experience at First American Corporation and Ernst & Young. In a statement, U.S. President Obama said, “Allan Landon has the proven experience, judgment and deep knowledge of the financial system to serve at the Federal Reserve during this important time for our economy.”

President Obama added, “He brings decades of leadership and expertise from various roles, particularly as a community banker.”

Rojas Steps Down as Paraguay FinMin

The Finance Minister of Paraguay German Rojas resigned from his post on December 24, 2014. Rojas is lauded for Paraguay’s sovereign debt issue of US$ 1 billion, 30-year bonds in August 2014. Rojas’ successor is rumored to be Santiago Pena who works at Banco Central del Paraguay and is a U.S.-trained economist. Pena spent a few years at the International Monetary Fund (IMF).

Sylvia Pozezanac to Lead Prudential Financial’s Strategic Solutions Group

Prudential Financial Inc. has named Sylvia Pozezanac as senior managing director and head of the strategic solutions group (SSG). She joined the strategic solutions group as global head of consultant relations in October 2013. She spent 26 years at consulting firm Towers Watson and its predecessor. She replaced Kevin Myers who made the decision to retire in July. Pozezanac will report to Stephen Pelletier, the chief operating officer of Prudential Financial’s U.S. business.

BlueBay Snatches Strategic Investments Group Salesperson

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Scatec Solar Places Big Solar Bet in Bangladesh

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Oslo-based Scatec Solar ASA, a publicly-traded independent power producer operating in the emerging market solar development space, plans to construct and own a 800 mega watt photovoltaic solar power plant in Chandpur, Bangladesh. Scatec Solar has solar assets scattered across numerous emerging markets such as South Africa, Rwanda, Honduras, Egypt, Jordan and the Czech Republic.

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APFC Sells $1.4 Billion Stake in Simpson Housing

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The Alaska Permanent Fund Corporation (APFC) embarked on a major shift in its real estate portfolio by selling a 50% ownership stake in Denver-based Simpson Housing LLLP for US$ 1.4 billion. Simpson Housing had made up roughly 24.7% of APFC’s US$ 5.6 billion real estate portfolio. The other owner of Simpson Housing is that State of Michigan Retirement Systems.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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ISIF Invests in Cybersecurity Firm Vectra

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The Ireland Strategic Investment Fund (ISIF) committed €10 million to Vectra Networks, Inc., a San Jose, U.S.-based cybersecurity company. The investment capital will assist Vectra in creating a research and development center in Dublin.

ISIF is part of a larger funding round of €30 million. These other investors include Khosla Ventures, Accel Partners, DAG Ventures, AI Ventures, AME Cloud Ventures and Wipro Ventures.

Kevin Dillon, who is the former Head of Microsoft Ireland and a Managing Partner at Atlantic Bridge, will join the board of directors at Vectra.

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