Northern Trust Asset Management Names Peter Wilke Head of Tactical Asset Allocation
Wilke takes on the newly created role after almost 10 years at Wellington Management.
Newsmakers
UK Chancellor Plans Britain’s Biggest Pension Reforms in Decades
Chancellor of the Exchequer Rachel Reeves proposed the consolidation of more than 80 local government defined contribution funds into pension ‘mega-funds’ in pursuit of Canadian- and Australian-style pension investing.
Olivia Mitchell to Receive CIO’s 2024 Lifetime Achievement Award
The Wharton professor’s research and efforts have changed public policy on pensions and brought attention to the importance of financial literacy.
Qatari Sovereign Wealth Fund Promotes Mohammed Al-Sowaidi to CEO
Al-Sowaidi had been the Qatar Investment Authority’s CIO for the Americas.
Eduard van Gelderen Appointed Head of Research at FCLTGlobal
The appointment of the former PSP Investments CIO is effective December 15.
Sovereign Wealth Fund Group Elects New Leaders
The head of Morocco’s strategic investment fund was elected to chair the IFSWF for a three-year term.
Jacques Chappuis Appointed President, CEO of PGIM
Currently leading Morgan Stanley Investment Management, Chappuis will succeed David Hunt in May 2025.
Australia’s Prime Super Names McQueen as New Investments Head
Formerly head of Media Super prior to and during its merger, Michael McQueen will run investments for the multi-industry superannuation plan.
The Many Ways Tech Tools Impact Investors
Panelists speaking at CIO’s Cyber Cache event discussed the technology solutions and tools they find most useful in their investment operations.
Tom Darnowski Promoted to Americas CEO at Schroders
Currently global head of product strategy, Darnowski’s appointment is effective January 1.
Mark Baumgartner appointed CEO, CIO of University of Florida Endowment
An alumnus, Baumgartner will succeed Bill Reeser, who is scheduled to retire at the end of the year.
Michael Hughes Appointed to Lead Portfolio Management at Verus
Hughes will lead investment management efforts across the firm’s OCIO business.
NYC Comptroller Lander Proposes Excluding Fossil Fuels From Future Infrastructure, Private Equity Investments
The proposal for three New York City pension funds would expand divestment to fossil fuel reserve owners and private markets infrastructure, such as pipelines and distribution terminals.
NZ Super Picks Internal Candidates as New Co-CIOs
Brad Dunstan and Will Goodwin will be promoted to share the investment chief position.
Larry Fink: Supercharge Economy Through Infrastructure, AI Investing
Speaking at SIFMA’s annual meeting, the BlackRock head suggested utilizing capital markets to grow the economy above the trend line.