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SWFI – Movers and Shakers – July 31, 2017



Allianz Global Investors Hires Jason Green for SE Asia Institutional Side

Allianz Global Investors hired Jason Green as head of institutional business for Southeast Asia. This is a new position and he will be based in Singapore. Green was Executive Director, Client Adviser of Asia Sovereign and Institutional Group at J.P. Morgan Asset Management.

Koh Boon Hwee Appointed to GIC’s Board of Directors

Koh Boon Hwee was appointed, effective August 14, 2017, to GIC’s board of directors. Koh Boon Hwee has been a member of GIC’s investment board since January 2016. Koh Boon Hwee started at Hewlett-Packard in 1977, exiting in 1990 as managing director of Singapore. From 1991 to 2000, he served as Executive Chairman of the Wuthelam Group. He also was chairman of a number of companies including DBS Bank, Singapore Airlines and Singapore Telecom.

Mohamed El-Erian to Advise Investcorp

Mohamed El-Erian has joined the international advisory board of Bahrain-based Investcorp. Investcorp has made an aggressive push in recent years to expand its alternative assets business. El-Erian is also Chief Economic Advisor to Allianz. He is the former CEO of Pacific Investment Management Company (PIMCO) and Harvard Management Company (HMC).

Robeco Japan Names Shiro Tsubota as President

Shiro Tsubota was hired by Robeco to be President of Robeco Japan. He replaces Kikuo Kuroiwa. Shiro Tsubota will report to Graham Elliot, who is managing director and head of Asia-Pacific distribution for Robeco. Previously, Tsubota was CEO of Henderson Global Investors Japan.

Julian Mund Promoted to CEO of Pensions and Lifetime Savings Association

Julian Mund was named Chief Executive of the U.K.-based Pensions and Lifetime Savings Association. Mund was the acting CEO of the organization and has worked as the commercial services director since 2013. Mund is replacing Joanne Segars who resigned in April 2017.

Chuck Grassley Leaves Judiciary for Senate Finance Chair



U.S. Senator Chuck Grassley, age 85, is leaving the Senate Judiciary Committee as chair. He will become Chairman of the Senate Finance Committee next year. The Iowa Republican has served as chairman of the Judiciary Committee since January 2015. Chuck Grassley served as Chair of the Senate Finance Committee in 2001 and from 2003 to 2007.

Grassley is replacing Senator Orrin Hatch (from Utah) who is retiring from the Senate. Replacing Orrin Hatch in Utah as Senator, is former Republican Presidential candidate Mitt Romney, who lost the 2012 election to Barack Obama.

“Looking ahead, at the Finance Committee, I want to continue to work to make sure that as many Americans as possible get to experience this good economy for themselves,” said Senator Grassley in a statement. “That means working to provide Americans with additional tax relief and tax fairness so they can spend more of their hard-earned money on what’s important to them.”

The Committee on Finance is one of the original committees established in the Senate and was first created on December 11, 1815. The committee deals with a whole matter of issues including taxation, revenue, customs, trade agreements, Social Security and more. It is considered to be one of the most powerful committees in Congress. In addition, the Committee on Finance has jurisdiction over both Medicare and Medicaid.

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Liberty Mutual Inks $1 Billion Risk Sharing Agreement with OPIC



Liberty Mutual Insurance inked a special deal with the Overseas Private Investment Corporation (OPIC), the U.S government’s development finance institution, to help facilitate investment in challenging markets. The deal entails forming a US$ 1 billion risk-sharing agreement to facilitate private sector investment in developing markets. OPIC recently received a new mandate from Washington D.C., armed with more capital and flexibility.

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Keppel Infrastructure to Acquire Ixom from Blackstone



Keppel Infrastructure Fund Management Pte Ltd, in its capacity as trustee-manager of Keppel Infrastructure Trust, through its wholly-owned subsidiary, has entered into a share sale agreement with certain funds managed by Blackstone and certain management sellers for the proposed acquisition of a 100% interest in Ixom HoldCo Pty Ltd (Ixom). The enterprise value for Ixom is A$ 1,100 million. The equity value for Ixom is A$ 777 million.

Ixom is an industrial infrastructure business in Australia and New Zealand. The company supplies and distributes water treatment chemicals. The Ixom Group is the sole manufacturer of liquefied chlorine in Australia, as well as a major provider of manufactured caustic soda.

The proposed transaction will be initially funded via debt.

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