Connect with us

Three Executives to Exit CPPIB

Published

on

The Canada Pension Plan Investment Board (CPPIB) announced a few executive departures. Graeme McAllister Eadie, Global Head of Real Assets at CPPIB, is retiring effective March 31, 2018. Eadie announced he was stepping back from the rule back in July 2007. Eadie plans to stay on as an advisor. Next, Eric M. Wetlaufer, Senior Managing Director & Global Head of Public Market Investments at CPPIB, is retiring effective May 31, 2018 after almost seven years with the organization. Wetlaufer was a former executive at Fidelity Investments before CPPIB.

Last, Nick Zelenczuk, Senior Managing Director & Chief Operations Officer at CPPIB, will retire from CPPIB effective May 31, 2018. Zelenczuk spent 9 years at CPPIB.

“Planned renewal of senior management is both necessary and healthy for all organizations, and CPPIB is well-positioned to ensure an orderly transition for these important senior leadership roles,” said CPPIB President Mark Machin in a press release.

He added, “Through this renewal, we are able to benefit from appointing some new leaders who will inject fresh perspectives, experiences and ideas to the organization just as we look ahead to an exciting future.”

Emirates NBD Acquires Turkey’s Denizbank in $3.2 Billion Deal with Sberbank

Published

on

In a bid to establish itself as one of the region’s leading providers of financial services, Emirates NBD – Dubai’s largest bank – has entered into a deal to acquire a 99.99% stake in Turkey’s DenizBank A.Ş. for a bargain price of US$ 3.2 billion from Russian state-owned lender Sberbank. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Brazilian President Michel Temer Orders Liquidation of Sovereign Wealth Fund

Published

on

Brazilian President Michel Temer signed an executive order to shut down the country’s sovereign wealth fund. The money in the sovereign fund will go toward repayment of foreign debt.

The Sovereign Fund of Brazil, also known as Fundo Soberano do Brasil, was formed in 2008.

The formation of the Fundo Soberano do Brasil was authorized by then Brazilian President Luiz Inacio Lula da Silva.

Continue Reading

CDPQ Boosts Stake in Invenergy Renewables

Published

on

Caisse de dépôt et placement du Québec (CDPQ) boosted its ownership stake in Chicago-based Invenergy Renewables LLC. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Popular

© 2008-2018 Sovereign Wealth Fund Institute. All Rights Reserved. Sovereign Wealth Fund Institute ® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. No affiliation or endorsement, express or implied, is provided by their use. All material subject to strictly enforced copyright laws. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. SWFI is a minority-owned organization.