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SWFI – Movers and Shakers – March 1, 2017

Wilbur Ross Named 39th United States Secretary of Commerce

Wilbur Louis Ross Jr. was sworn in as the 39th United States Secretary of Commerce. By a vote in the U.S. Senate of 72-to-27, Ross was confirmed. Ross had extensive experience in bankruptcy-restructurings working at Rothschild Investments and eventually forming WL Ross & Co.

MarketAxess Grows, Names Head of Europe and Asia

Electronic trading venue MarketAxess Holdings Inc. hired Christophe Roupie as head of Europe and Asia. This is a new position and he will report to MarketAxess CEO Richard M. McVey. Before this role, he was at a Swiss family office and was Global Head of Trading and Securities Financing at AXA Investment Managers.

BNY Mellon Hires JPMorgan Veteran to Lead Financial Institutions Group in Japan

Yoshiyuki Shimoyama is joining BNY Mellon Investment Management to become the new head of financial institutions group, Japan. He will be based in Tokyo and report to Shogo Yamaguchi, Chairman and President of BNY Mellon Investment Management, Japan, and Lindsay Wright, Head of Distribution and co-Head of BNY Mellon Investment Management, Asia Pacific. Shimoyama replaces Atsushi Horiike.

Before joining BNY Mellon, Shimoyama was at J.P. Morgan Asset Management Japan, starting back in 1990 when he joined the firm Morgan Guaranty Trust Company of New York.

ADIA Recruited Former SSgA EMEA Trading Head

Dale Brooksbank, the former Head of European Trading at State Street Global Advisors (SSgA), joined the Abu Dhabi Investment Authority (ADIA) back in October 2016. He left SSgA in July 2016. Dale Brooksbank is ADIA’s head of equities trading, working in the central dealing department. Before SSgA, Brooksbank had previously worked at Legal & General Investment Management in equities and derivatives trading.

Former KIC Executive Moved to Amundi

Andrew Duyoung Kim, the former Head of Fixed Income Investments at the Korea Investment Corporation (KIC), joined NH-Amundi Asset Management in February 2017 as head of overseas fixed income investments. Kim had been at the KIC since 2006. Before the KIC, Kim was a Portfolio Manager at Samsung Asset Management.

Johns Hopkins University Appoints New Chief Investment Officer

Johns Hopkins University named Jason T. Perlioni as its new vice president for investments and chief investment officer.

UNICEF and NBIM to Host Meetings on Children’s Human Rights

The United Nations Children’s Fund (UNICEF), a United Nations programme headquartered in New York City, has partnered with Norges Bank Investment Management (NBIM) to facilitate a series of meetings between companies to discuss issues surrounding children’s human rights.

According to the news release, “the network will facilitate dialogue between leading brands and retailers in the garment and footwear industry to strengthen children’s rights.”

NBIM is invested in many listed companies and have invited them to join a network to tackle these issues. Over the next two years, the organizations plan to hold three workshops as well as quarterly meetings surrounding these issues.

“Over time, we hope and expect that the network will contribute to improved market practices among companies and greater respect for children’s rights,” says Carine Smith Ihenacho, Global Head of Ownership Strategies, in a NBIM press release.

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SouthGobi’s CEO Arrested, CIC Struggles with Investment

The China Investment Corporation (CIC) has long struggled with its investments in coal assets, specifically in globally-listed coal miner SouthGobi Resources Ltd, which operates its flagship coal mine in Mongolia. In November 2009, CIC and SouthGobi Resources inked a convertible debenture deal. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Qatar Central Bank Deals with MSCI

MSCI, a stock index company whose benchmarks influence investor behavior, has tremendous indirect power impacting the stock markets of smaller economies. In 1988, MSCI released its emerging markets index, a now-widely-used benchmark for many institutional investors wanting access to growth markets. China and South Korea make up the majority of the benchmark, but smaller economies such as Poland, Chile and even Qatar make up other pieces of it.

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