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SWFI – Movers and Shakers – March 28, 2017

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Charlie Shaffer Joins Voya Investment Management to be Head of International Distribution

Voya Investment Management hired Charlie Shaffer to be managing director and head of Institutional Distribution. He will be based in New York and report to Shaun Matthews, who is the Senior Managing Director, Head of the Client Group at Voya Investment Management. Shaffer was the Global Head of Distribution at Credit Suisse Asset Management. He moved into the asset management side at Credit Suisse in 2012, from starting on the global transition management team. Shaffer also held roles at Merrill Lynch, Deutsche Bank and Morgan Stanley.

Nuveen Names Vijay Advani as CEO

Vijay Advani joined on at TIAA Global Asset Management, now known as Nuveen, back in December 2016. Advani is now officially CEO of Nuveen. Nuveen and its investment affiliates, as of December 31, 2016, oversee roughly US$ 900 billion in assets. Previously, Advani was Co-President of Franklin Resources Inc. He started at Franklin Resources back in 1995. Advani was a member of Franklin Templeton’s executive committee.

Mediacorp Hires Former Twitter Executive

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Saudi Arabia Sends Second Installment of Aid to Pakistan

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On December 14, 2018, Pakistan received its second installment of the US$ 3 billion in aid promised from Saudi Arabia on October 23, 2018. The US$ 1 billion given on December 14th boosted the foreign reserves of the State Bank of Pakistan, which went from US$ 7.2 billion to US$ 8.2 billion. The first installment was given on November 23, 2018. The last installment is expected to occur in January 2019.

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White House Nominates Heath Tarbert for CFTC Chairman

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The White House announced Heath P. Tarbert will be nominated to serve as Commissioner and Chairman of the Commodity Futures Trading Commission (CFTC). Tarbert currently serves as Assistant Secretary for International Markets at the U.S. Treasury Department. Before joining the U.S. Treasury, Tarbert was a Partner at law firm Allen & Overy. Tarbert was confirmed by the U.S. Senate for his current Treasury post at 87 (yes) to 8 (no).

Upon Senate confirmation, Tarbert’s CFTC term would start on April 14, 2019 and last for five years. Tarbert is taking over from J. Christopher Giancarlo whose term ends in April 2019. Tarbert will need a U.S. Senate confirmation to take the head CFTC post.

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KIA Could Sell Stake in North Sea Energy Business

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The Kuwait Investment Authority (KIA), through its unit Wren House Investment Management, is nearing a deal to sell a 40% stake in its North Sea energy business to JPMorgan Asset Management. In July 2018, KIA closed on a deal to acquire oil and gas pipeline firm North Sea Midstream Partners from ArcLight Capital.

More details to follow –

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