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SWFI – Movers and Shakers – March 11, 2016

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Allianz Brings on Jackie Hunt to Help Boost PIMCO

German insurer Allianz SE brought on Jackie Hunt, who was the head of Prudential Plc’s U.K. and European division, to breathe life into Allianz’s asset management and U.S. life insurance divisions. Hunt will also replace Jay Ralph on the board of Allianz.

Jerry Rizzieri Named President and CEO of Mizuho Securities USA

Jerry Rizzieri was named President and CEO of Mizuho Securities USA, part of Mizuho Financial Group, Inc. He was executive managing director and head of fixed income at the firm and joined Mizuho in 2010. The previous CEO of the firm, John Koudounis, is becoming CEO of Calamos Investments, replacing firm founder John P. Calamos Sr., who will retain his chairman and global chief investment officer titles.

Prawoto Named Head of Marketing at INTECH

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Andrew Claerhout Leaves OTPP

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Andrew J. Claerhout exited the Ontario Teachers’ Pension Plan (OTPP). He was Senior Managing Director of Infrastructure and Natural Resources. His responsibilities included overseeing a swath of infrastructure acquisitions and asset management globally, along with investments in oil and gas, agriculture (avocados for example), timberlands and other resource sectors. Clearehout joined OTPP back in 2005.

Taking his spot in the interim is Dale Burgess, Managing Director, Latin America, at OTPP.

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PwC Sells US Public Sector Practice to Veritas Capital

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PricewaterhouseCoopers (PwC) inked a deal to sell its U.S. public sector business unit to Veritas Capital Fund Management, L.L.C., a private equity firm. Post-deal, the business unit will be renamed and run as a separate company. PwC’s public sector business services U.S. federal government clients such as the Department of Defense, Homeland Security, Veterans Affairs, Health and Human Services and the State Department. The business unit also services local and state U.S. governments.

For the moment, Veritas Capital seeks to keep the current management in place.

Advisors

PwC was advised by Morgan Stanley. Davis Polk & Wardwell advised PwC. Veritas Capital was advised by law firm Schulte Roth & Zabel LLP.

Veritas Capital’s Activities

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HNA Sells 1.2% Stake in Hedged Investment in Deutsche Bank

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Chinese conglomerate HNA Group Co. sold off roughly a 1.2% stake in Deutsche Bank AG for around €300 million (US$ 374 million), reducing ownership down to 8.8%. HNA Group held the bank shareholding through Vienna-based asset manager C-Quadrat Investments AG, in which, HNA is a majority owner in. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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