….. as 14-member international advisory board named

The CIC has named a 14-member International Advisory Council, which will advise the board and senior management on issues including portfolio development, strategy, and overseas investments.

Made up of academics and former central bankers from Asia, the Americas and Europe, it is also tasked with advising on issues relating to corporate governance, investment and risk management strategies, policies and processes, regulatory policy issues, global economics and financial development and other issues impacting CIC’s business.

There are three European members of the advisory board including Nicholas Stern from the London School of
Economics; Jean Lemierre, an advisor to the chairman of BNP Paribas; and president of RiskMetrics Group and former chief executive of Norges Bank Investment Management, Knut Kjaer.

In the Americas, former Canadian minister of foreign affairs, David Emerson, joins former president of the Central Bank of Brazil, Arminio Fraga and Merit Janow, professor of international economic law and international affairs at Colombia University.

Within Asia, there are four China advisors, one from Japan and one from Malaysia:

Sponsored Content

Zeng Peiyan, chairman China Center for International Economic Exchanges; Lawrence Lau, vice chancellor, Chinese University of Hong Kong; Frederick Ma, honorary professor, school of economics and finance at University of Hong Kong; Taizo Nishimuro, chairman of Tokyo Stock Exchange Group; Yingyi Qian, dean, school of ecnomics and management Tsinghua University; and Andrew Sheng, chief advisor to China Banking Regulatory Commission.

Leadership and direction of CIC, set as a wholly state-owned company, is vested by its shareholder, the
State Council of the PRC, in three governing bodies: the board of directors, the board of supervisors and the executive committee.

The executive committee has established the investment committee and risk management committee which also
have policy and decision-making responsibilities.

CIC has 194 staff in its global investment team, with 11 investment staff in the asset allocation and strategic research department, 14 in the public market investments department, nine in the tactical investments, 17 in private markets and 16 in special investments.

Leave a Comment

Sort content by

Peter Bernstein: Risk Inverse

Peter Bernstein, an economic consultant and respected investment thinker passed away on Friday June 5 in New York. Widely regarded as an intellectual giant in the investment circles for his ability to translate complex mathematical models into practical applications, he founded the Journal of Portfolio Management in 1974 and wrote a number of respected books

…as consultant assessment initiates changes to internal equity team and technology

CalPERS has reached its capacity to internally manage equities portfolios and would need to make changes to technology and staff resources if the internally-managed equities program is expanded, according to the outcome of the annual consultant review of CalPERS’ internal equity team by Wilshire Associates. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3

Asset class review inspires opportunistic allocation at CalPERS’

CalPERS is considering adopting an “opportunistic” program seeking to profit from substantially undervalued assets across various asset classes and strategies, and will be limited to 3 per cent of the fund’s total market value. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3

The future of risk management: How independent should risk management be?

Barry Schachter, research associate with the EDHEC Risk and Asset Management Research Centre and director, quantitative resources, Moore Capital Management believes the current crisis is a catalyst for change in the conduct of risk management because it has challenged the efficacy of the existing risk management model, but simply imposing regulation is not the change

SWFs struck at financial crisis epicentre: $50b in losses from financials

For their biggest public market investments in the last two years, sovereign wealth funds (SWFs) zeroed-in on the most dogged companies in the worst-performing sector: Western financials. These decisions incurred paper losses of $US56.3 billion, accounting for most of their public market losses for the period. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3

Working hard for the money

Last year large institutional investors in the US, including the State of Massachusetts Pension Fund and CalPERS, dedicated money to senior bank loans. Amanda White examines the outlook for the sector and talks to group head of ING’s senior loan group, Jeff Bakalar, about whether institutional allocations to the sector have been tactical or strategic.

Previous