Wednesday, June 21st, 2023 ⁠A topical newsletter from CIO Team Building A newsletter for institutional investors, spotlighting industry moves, recruitment and team building. Asset Management Culture Tech’s Toughest Cuts Could Draw New Talent to Asset Management Asset managers are eyeing thousands of workers laid off by the tech industry as asset management firms build out their own capabilities. Manager Selection Legislation Requiring Diversity Disclosures Introduced in House The Improving Corporate Governance Through Diversity Act would require issuers to disclose information on diversity at the director and executive levels. Manager Selection Hargreaves Lansdown Names Toby Vaughan CIO He was most recently head of investment management at private banking firm Brown Shipley.   News Franklin Templeton Is Buying Putnam Investments Franklin Templeton announced its acquisition of Putnam Investments from Great-West Lifeco for $925 million. Newsmakers New Jersey Division of Investment Hires Head of Private Equity Dana Johns takes the job after working as senior portfolio manager of private equity for Maryland’s state pension fund. Corporate Moves Australian Super Funds Advocate for Board Gender Diversity The ACSI will consider recommending that its members vote against current leadership at companies where women comprise less than 30% of the board. Did someone forward you this newsletter? Sign up here to get Chief Investment Officer Spotlight directly in your mailbox!

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