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SWFI – Movers and Shakers – January 21, 2017

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BREXIT EXPERT HIRE #1: BlackRock Names Former UK Chancellor Osborne as Senior Adviser

George Osborne, the former U.K. Chancellor of the Exchequer, is joining the BlackRock Investment Institute as a part-time senior adviser in February 2017. As of December 31, 2016, BlackRock manages US$ 5.1 trillion in assets. In a statement, BlackRock CEO Larry Fink stated, “George has a unique and invaluable perspective on the issues that are shaping our world today.”

BREXIT EXPERT HIRE #2: Lord Hague to Become a Senior Adviser at Citigroup

On January 17th, William Hague (Lord Hague of Richmond), a former U.K. Foreign Secretary and former leader of the U.K. Conservative Party, was named a Senior Adviser to Citigroup. Lord Hague quit being an MP in the U.K. in 2015. Hague had also done work at consulting firm Teneo as a Senior Adviser. Sir Mervyn King, the former Governor of the Bank of England, in 2016 was hired as an Adviser by Citigroup.

Sohail Lalani to Bring ADIA Experience to PSP Investments

Mark Giuliani is leaving PSP Investments. He is being replaced by Sohail Lalani, who had a long 10-year stint at the Abu Dhabi Investment Authority (ADIA). Lalani has taken on the role as Senior Direct, Private Equity – Americas, at PSP Investments.

Brian Chase Now at BlackRock Alternative Investors

Brian Chase had left his role as a Partner at Campbell Lutyens & Co., a placement agent firm, to join BlackRock Alternative Investors, a unit at BlackRock that focuses on alternative strategies, as a managing director. Chase spent more than 6 years at Campbell Lutyens, starting there in 2010. At BlackRock Alternative Investors, Chase will report to Nugi Jakobishvili, Managing Director, Global Head of Alternative Solutions.

Jackson Lee Appointed Head of China for Fidelity International

Bermuda-based Fidelity International named Jackson Lee as country head of China. Lee will be based in Shanghai and report to Daisy Ho, Managing Director, Asia ex-Japan of Fidelity International. Before this promotion, Lee was Chief Representative of Beijing for Fidelity International and a Director of Business Strategy & Planning. Jackson Lee joined Fidelity International in 2010. Before joining Fidelity, Lee had roles at Prudential Corporation Asia and AIG Investments. Fidelity International spun out from Fidelity Investment & Research in 1980. Fidelity International is owned by its employees and the Johnson family.

NMSIC’s Greg Kulka Retires After 15 Years

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KIC in Talks to Buy a Portfolio of Amazon European Warehouse Assets

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The Korea Investment Corporation (KIC) is in discussions on buying some logistical assets in Europe. Amazon.com (Amazon) is selling a portfolio of three, multi-storey warehouses for approximately €400 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Alibaba Invests in Series C in 1919 Wines

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On October 18, 2018, Alibaba Group Holding Limited, through Alibaba (China) Network Technology Co., Ltd, invested some 2,000,000,065.08 RMB (US$ 288,447,000) for 39,277,299 shares in a Series C round into 1919 Wines & Spirits Platform Technology Co., Ltd., a Chinese alcohol beverage e-commerce retailer. Post-deal, Alibaba owns about 29% of the company shares and became the second largest shareholder of 1919 Wines. The transaction values 1919 Wines at 7 billion RMB.

GF Securities Co., Ltd. advised 1919 Wines on the transaction.

Formed in 2010, 1919 Wines is based in Chengdu. 1919 Wines owns retail portals, phone apps, and offline stores.

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Nomura and CIC Contemplate Joint Investment Fund

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Japan-based Nomura Holdings is in talks with the China Investment Corporation (CIC) on forming a new investment fund. The fund could be receive commitments up to US$ 1 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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