Senior Staffing Changes at SWFs in the North and East

October 13, 2015 by Loch Adamson

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Alaska Angela

Alaska Permanent Fund Corp.'s new CEO, Angela Rodell.

Alaska’s APFC hunt for a new chief executive officer is over. Temasek adjusts its structure as it expects its CEO back for the end of the month. Malaysia’s Khazanah Nasional is now a tenant of Qatar Holding as it sets in its new London office in the Shard. 

Alaskan SWF Finds New CEO and Interim CIO 

Alaska Permanent Fund Corp. (APFC), the agency that manages the state’s $53 billion sovereign wealth fund, has named a new CEO after three months of an intensive talent search. On Friday October, 9, the corporation announced the appointment of Angela Rodell, Alaska's Revenue Commissioner (who has been serving on  APFC's Board of Trustees in that role) as its new CEO. 

Valerie Mertz, who has been working as interim executive director following the resignation in June and sudden death of long-serving CEO Michael Burns in July will now return to her role as CFO. APFC is still looking for a chief investment officer, and has appointed Jim Parise, director of fixed-income investments, as acting CIO. APFC’s former CIO, Jay Willoughby, left abruptly on October 6 to join Radnor, Pennsylvania-based endowment adviser the Investment Fund for Foundations.

Temasek New Appointments

On September 30, Singapore's state investor Temasek Holdings announced the appointment of its president, Lee Theng Kiat, as CEO of its wholly-owned subsidiary Temasek International (TI). Temasek established TI in 2011 to manage and build an increasingly global portfolio and Lee will now oversee Temasek’s commercial strategies and international holdings. He will be joined by Temasek’s CEO, Ho Ching, in her new role as a Chairman of TI. Ho Ching, currently on sabbatical, will return in late October in her full capacity as CEO of the state holding company. 

The venture-capital arm of Temasek, Vertex Venture Holdings, has appointed Ben Mathias as managing director and head of India operations, according to a press release. The firm, often in the headlines for its daring technology investments, lost its India business chief, Ajay Lakhotia, in September 2015 when he left to start his own firm.

AXA Introduces a New Head of SWFs and Central Banks in Asia

AXA Investment Managers, a subsidiary of Paris-based giant insurer Axa, has appointed Tom Clapham as head of the firm's sovereign wealth fund and central bank business in Asia. Clapham is based in Hong Kong and will report to Terence Lam, managing director and head of sales and marketing in Asia, and Pierre De Bonneville, global head of sovereign and supranational entities.

Enter QIA’s New Tenant in London: Khazanah Nasional

Khazanah Nasional, Malaysia’s $42 billion sovereign fund, has opened a new office in London and has chosen the Shard skyscraper on the South Bank as a launchpad for its European investment team, led by Javier Santiso. Khazanah's peer, the Qatar Investment Authority, is a co-owner of the building — it provided $1.5 billion of financing for the Shard’s construction after the high-profile development got into trouble at the height of the financial crisis in 2008. The London office will be Khazanah's fourth branch overseas after opening offices in China, Turkey and the U.S.


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