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SWFI – Movers and Shakers – November 12, 2014

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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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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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Pensioenfonds PGB Hires BMO Global for Equity Protection Strategy

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Pensioenfonds PGB is a Dutch multi-sector pension fund. PGB awarded a mandate to implement a protection strategy for its €12 billion equity portfolio to BMO Global Asset Management. PGB is a €26.5 billion fund. PGB has been using BMO Global’s responsible engagement overlay since 2017.

The Chief Investment Officer of PGB is Harold Clijsen.

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