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SWFI – Movers and Shakers – November 12, 2014

Nikko Asset Management Boosts MENA and Asia Teams

Nikko Asset Management has hired three executives to boost operations and sales globally. The firm has hired Ian Lewis who will be head of global consultant relations. Lewis will be based in Singapore. He was a partner at London-based Ardevora Asset Management LLP.

Nikko hired John Howland-Jackson who was a senior managing director at ING Bank. He will be vice chairman of Nikko Asset Management Europe, and senior adviser for the Middle East, Africa and Asia. Howland-Jackson will be based in London. Howland-Jackson joined ING in 2000 and was in charge over handling ING’s overall relationships with sovereign funds and governments. He was also CEO of ING’s commercial banking business in the Asia-Pacific, UK and Middle East regions. He was also chairman and CEO of ING Lease Holding.

Nikko hired Charles Allard who will be the firm’s head of sales for North Asia. Allard will be based in Hong Kong. Allard is coming from Winton Capital Management, a hedge fund firm founded by David Harding.

Carlyle and FCC Veteran Joins AT&T Board

Bill Kennard has joined the board of directors of U.S. telecommunications giant AT&T. He was a managing director at The Carlyle Group from 2001 to 2009. Kennard was the chairman of the FCC between 1997 and 2011. He was also U.S. Ambassador to the European Union from 2009 to 2013.

Standard Life Investments Appoints 2 for its European Equities Team

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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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