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SWFI – Movers and Shakers – September 22, 2014

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Charles Plosser to Retire

Philadelphia Federal Reserve President Charles Plosser is set to retire. He has been a vocal critic of quantitative easing. He will leave the FOMC in March 2015. Plosser was an economics professor at the University of Rochester and former dean of the University of Rochester Simon Business School. He was the 10th president of the Philadelphia Federal Reserve on August 1, 2006.

NAGDCA Selects Rutherford as New President

Edward Rutherford was selected as president of the National Association of Government Defined Contribution Administrators (NAGDCA) for a 1-year term. Rutherford was chosen by NAGDCA members at an association meeting. Rutherford succeeds Ralph Marsh as NAGDCA president. Rutherford is the business manager for the human services department of Larimer County, located in Fort Collins, Colorado. The Larimer County 401(a) plan has an estimated US$ 170 million in assets.

Bank of Guatemala Has a New President

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CalPERS Names Yu Ben Meng as Chief Investment Officer

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The California Public Employees’ Retirement System (CalPERS) announced that Yu Ben Meng has been selected as the pension fund’s new chief investment officer (CIO). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Ontario Nonprofit Network Awards Mandate to OPTrust

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The Ontario Nonprofit Network (ONN), a nonprofit network for the 58,000 nonprofits in Ontario, selected OPTrust to manage defined benefit assets. ONN selected OPTrust Select, the new defined benefit solution from OPTrust. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Temasek Wants More of Ola, Careem Acquires Commut

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ANI Technologies, which owns ride-hailing app Ola, is in key talks with Temasek Holdings and South Africa-based Naspers LLC on raising capital. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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