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.
Robert Priestley who was a member of Australia’s Future Fund Board of Guardians has resigned. He is the former the Chief Executive Officer of J.P. Morgan Australia and New Zealand (left in May 2017). He also resigned from his director role at ASX Limited. Priestley remains the non-executive chairman of J.P. Morgan Australia and New Zealand.
In a released statement by Priestley, he said, “Given my decision to step aside from the ASX board, I think it is also appropriate that I step aside from the Future Fund board of guardians.”
Australia and New Zealand Banking Group Ltd (ANZ) is in hot water with Australian regulators, facing criminal cartel charges on an ill-fated institutional placement. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
State Street Launches Real Assets Fund Services Group
State Street Corporation formed a real assets fund services group in anticipation of further growth in world of global infrastructure investing. This newly-formed group will leverage the company’s existing real estate platform.
Cadillac Fairview Unveils Massive Building Project – Slated New HQ for OTPP
Cadillac Fairview is a real estate unit of the Ontario Teachers’ Pension Plan (OTPP). Cadillac Fairview, in a partnership with the Investment Management Corporation of Ontario (IMCO), revealed the construction of a new 46-storey office tower at 160 Front Street West, on the northeast corner of Front Street and Simcoe Street in downtown Toronto. This new building will be the headquarters of OTPP at 160 Front Street. This C$ 800 million development will be one city block from Union Station.
James Edwards Head to BMO Global
James Edwards was hired by BMO Global Asset Management to be director of U.K. sales. Previously, Edwards was a Fixed Income Product Specialist at BlackRock.
Peter Diamond Exits Deutsche Bank
Peter Diamond is exiting as Head of SSA Origination and Structuring at Deutsche Bank – a position he had in London.
Hideharu Ichii Joins AMP Capital
Hideharu Ichii left APG Asset Management Asia to join AMP Capital, effective July 2, 2018. Ichii took the position as a Portfolio Manager on AMP Capital’s global listed equity team in Hong Kong. Ichii was a Senior Portfolio Manager in listed real estate Asia-Pacific region at APG.
Keppel Corporation Sells Stake in Development
Shenyang SUNAC Xinxing Enterprise Management acquired a stake for US$ 43 million in the Keppel Township Development (Shenyang) Co. Ltd. from Keppel Corporation.
The island country of Mauritius plans to offer foreigners a chance to obtain country citizenship in exchange for a non-refundable contribution of US$ 1 million to the national sovereign wealth fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
3 weeks ago
HQ Capital Raises Money for U.S. Real Estate
3 weeks ago
Russia-Japan Investment Fund to Back Wood Pellet Production in Russia
3 weeks ago
Is Franklin Templeton the Private IMF for Argentina?
4 weeks ago
Oman Infrastructure Investment Fund Near Creation
3 weeks ago
Gulf Japan Food Fund Buys Majority Stake in Country Hill International
1 week ago
CPPIB to Become First Major Pension to Issue Green Bonds
3 weeks ago
Red Sea Project Gets Former Canary Wharf Veteran
3 weeks ago
SWFI First Read, May 29, 2018