Pernille Jessen Appointed as CIO of Denmark’s AP Pension Fund
The investment chief was hired from AkademikerPension, where she was co-CIO.
Corporate Moves
Brookfield Asset Management Unit Closes Deal to Sell 49% of Westinghouse to Cameco
Brookfield Business Partners bought the nuclear tech company out of bankruptcy in 2018 for $4.6 billion, while this deal values the company at $8.2 billion.
BlackRock to Develop World’s Largest Direct Air Capture Plant With Occidental
The asset manager is investing $550 million in a joint venture with the oil and gas giant’s 1PointFive subsidiary.
Northern Trust Developing Platform to Allow Institutional Buyers to Digitally Access Carbon Credits
Use of smart contracts expected to bring rigor to voluntary carbon credit market.
iM Global Partner Promotes Jack Chee to CIO of US Asset Management
Chee was previously head of fixed-income strategies.
Tomas Arlia Joins Fintech Startup Arta Finance as CIO
The platform aims to provide alternative investments for retail investors.
BNP Paribas Hires Scott Carter as Global Head of Investor Coverage
Carter previously worked at AQR Capital Management and Deutsche Bank.
CalPERS CIO Nicole Musicco Will Step Down
Musicco cites family needs as the reason for her departure; the fund’s deputy CIO will serve as interim head.
Blackstone Creates Corporate Credit, Asset-Based Finance, Insurance Group
Blackstone Credit & Insurance could help push the firm to $2 trillion AUM.
Global Endowment Management Hires Dogan Perese as COO
Perese previously spent 14 years at Bridgewater Associates.
KKR, USI Insurance Buy USI Shares From CDPQ
KKR is increasing its equity in the insurance broker and consultant to continue driving long-term growth.
PGIM Real Estate Promotes Cathy Marcus, Raimondo Amabile to Co-CEO Roles
The duo will retain their current duties under former CEO Eric Adler, who will helm newly formed PGIM Private Alternatives.
NTAM Appoints Anwiti Bahuguna Chief of Asset Allocation
The economist was a key player at Columbia Threadneedle.
US Bancorp Names Marc Ammaturo to Key Institutional OCIO Post
The finance veteran will helm distribution efforts in the firm’s expansion bid.
New CIOs Join Mercer, Principal
Mercer names a leader for its US outsourced CIO practice, and Principal Asset Management appoints a CIO and global head of equities.