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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.

APG, QIC, and Swiss Life Buys MIRA Stake in Brussels Airport



APG Asset Management, QIC (Queensland Investment Corporation), and Zurich-based Swiss Life Group, spent about €2 billion for Macquarie Infrastructure and Real Assets’ (MIRA) 36% stake in Brussels Airport. APG and QIC will each have a stake of 16.8% in the airport asset with Swiss Life having a 2.4% ownership stake. QIC will hold its airport stake in its Global Infrastructure Fund, which has third-party investors. Since 2011, the Ontario Teachers Pension Plan (OTPP) still holds a 39% stake in the airport, while the Belgian government retains a 25% ownership stake.

APG Asset Management manages assets for a number of investors including Stichting Pensioenfonds ABP.

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CIC Seeks Allies for Belt and Road Cooperation Fund



The China Investment Corporation (CIC), which indirectly controls China’s largest banks, is seeking allies to form a cross-border investment vehicle to support One-Belt, One-Road projects – also known as the Belt and Road Initiative (BRI). The CIC is calling it the Belt and Road Cooperation Fund. The fund’s size and specific investment methods are in the preliminary phase. The BRI has been underway for the last five years.

The multi-lateral fund will be another way to funnel capital into specific belt and road projects. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Fidelity National Information Services to Acquire Worldpay



Jacksonville, Florida-based Fidelity National Information Services, Inc., better known by the abbreviation FIS, agreed to acquire payments processor Worldpay, Inc. for approximately US$ 35 billion (not including debt) in cash and stock, or US$ 112.12 per share. Around 19 months ago, Cincinnati-based credit card processor Vantiv, Inc. acquired Worldpay for just under US$ 10 billion, while FIS agreed to acquire First Data for US$ 22 billion in January 2019.

The combined company will keep the name FIS and be headquartered in Jacksonville, Florida. The transaction is subject to receipt of required regulatory and shareholder approvals and other customary closing conditions and is expected to close in the second half of 2019.

Deal Terms

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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