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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.

Oman SGRF Contemplates $1 Billion Infrastructure Fund



Oman’s State General Reserve Fund (SGRF) is in discussions on forming a US$ 1 billion infrastructure fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Norway’s GPFG Banned from Investing in 9 Companies Over Nuclear Weapons



The recent false alarm caused by a state employee in Hawaii (who was not terminated and reassigned to a new position), triggering the Emergency Alert System message at 8:07 a.m. caused pandemonium in the state. After decades of failure in diplomacy between the United States and North Korea, the threat of a nuclear missile attack has grown since. The states of Alaska and Hawaii are the closest states to North Korea.

Besides the recent news in the world of nuclear missiles, Norges Bank oversees the management of the country’s sovereign wealth fund. The central bank has moved to ban nine companies from the Government Pension Fund Global. In addition, one company has been placed under observation. The Executive Board of Norges Bank’s decisions on exclusion were made on the basis of recommendations from the Council on Ethics. However, before moving to exclude a company, the central bank may consider other options, such as the exercise of ownership rights. In these instances of companies, the board determined that it was appropriate to use other measures in these cases.

The Council on Ethics’ recommendations to exclude:
Risk of severe environmental damage and serious or systematic violations of human rights
Evergreen Marine Corporation (Taiwan) Ltd
Korea Line Corporation
Precious Shipping PCL
Thoresen Thai Agencies PCL

Unacceptable risk of serious or systematic violations of human rights
Atal SA

Over involvement in the production of nuclear weapons
BAE Systems
Fluor Corporation
Huntington Ingalls Industries Inc
Honeywell International Inc (already previously excluded)

Placed Under Observation
Pan Ocean Co. Ltd

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Sistema to Pledge Assets to Help Fund Settlement



The Russian Direct Investment Fund (RDIF) is helping a settlement situation between two Russian economic powerhouses. In January 2018, Sistema, under a settlement, is mandated to pay Bashneft oil company, which is owned by energy behemoth Rosneft, 100 billion roubles (US$ 1.8 billion) by March 30, 2018.

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