SWFI – Movers and Shakers – November 30, 2016

Trump Intends to Nominate Mnuchin for U.S. Treasury Secretary

U.S. President-Elect Donald J. Trump intends to nominate Steven Mnuchin for the position as U.S. Secretary of the Treasury. Mnuchin held a number of roles including Chief Information Officer at Goldman Sachs, Founder and Co-CEO of Dune Capital Management (a hedge fund) and Founder of OneWest Bank Group LLC (restructured from housing lender IndyMac). In 2015, OneWest was sold to CIT Group. He also founded RatPac-Dune Entertainment which produced movies such as Avatar.

Trump Selects Wilbur L. Ross Jr. for U.S. Commerce Secretary

U.S. President-Elect Donald J. Trump intends to nominate Wilbur Louis Ross Jr. for the position as U.S. Secretary of the Commerce. Ross is the Founder, Chairman and Chief Strategy Officer of WL Ross and Co., a private equity firm. Ross is known as a company turnaround artist. Previously, Ross spent over two decades at Rothschild Inc.

Jerome Naqui Headed Over to Invest AD

In late October, Jerome Naqui was named Senior Vice President, Products and Business Development at Invest AD, which is owned by the Abu Dhabi Investment Council (ADIC). Before that, he was a Managing Partner at Markab Advisory. Naqui had a stint as an Equities Analyst at the Abu Dhabi Investment Authority (ADIA).

T. Rowe Price Hires SSgA’s Head of Global Product and Marketing

T. Rowe Price names Andrew Astley to be global head of product at the company. This is a new position. Previously, Astley was Head of Global Product and Marketing at State Street Global Advisors (SSgA).

RobecoSAM Names New CEO

Zurich-based RobecoSAM named Aris Prepoudis as chief executive officer. He will join effective January 1, 2017. Prepoudis is the former CEO of St. Gallen, Switzerland-based Vescore, a sustainable investment company. Prepoudis replaces Reto Schwager has served as interim CEO since the summer of 2016.

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