Home > News > Corporate Moves > Council of Institutional Investors Chooses Next Executive Director
Corporate Moves

Council of Institutional Investors Chooses Next Executive Director

Amy Borrus deemed a “highly regarded leader on corporate governance” by CIO Ash Williams.
By Chris Butera

Amy Borrus


The Council of Institutional Investors deputy director Amy Borrus, will become the group’s head honcho next August, Borrus will be replacing Ken Bertsch, the current executive director, who is slated to retire.

Borrus joined the organization in 2006 and had previously been interim director from June 2015 to March 2016. Prior to her work at the Council, Borrus was a 20 year veteran of BusinessWeek.

“Amy is a highly regarded leader on corporate governance issues, and she has built strong relationships with key stakeholders” said Ash Williams, CII board chair and executive director and chief investment officer for the Florida State Board of Administration.

The Council of Institutional Investors is a nonprofit and nonpartisan organization of US asset owners from all sectors, representing a combined $4 trillion in assets under management. The group pushes for corporate governance, shareholder rights, and fair and transparent capital markets.

For more stories like this, sign up for the CIO Alert newsletter.

“I am very pleased that Amy will succeed me,” said Bertsch. “We have worked as a team, and this signals continuity as CII builds its membership, deepens and broadens its mission to serve institutional investors, and develops the excellent CII staff.”

Related Stories:

Council of Institutional Investors, Ash Williams Tell NYSE, NASDAQ to Curb Multi-Share IPOs

Tags: , , ,

Home > News > Manager Selection > NEST Picks Private Market Managers
Manager Selection

NEST Picks Private Market Managers

UK’s $9.9 billion DC plan expects first capital to deploy in October as it prepares to enter unlisted markets.
By Chris Butera

UK defined contribution fund NEST will have two fund managers running its private credit operations as it enters the private market.

Amundi will manage real estate debt and BlackRock will handle infrastructure debt through two comingled funds.

NEST plans to co-invest alongside both managers and will start deploying capital in October.

Chief Investment Officer Mark Fawcett said that setting up the fund’s private debt program is an organic evolution of the plan’s investment offering. “While setting up Nest Invest is an exciting development, it’s the natural next step for a scheme of our size,” he said. “We already have the internal expertise in Nest’s investment team to manage the additional responsibilities.”

Want the latest institutional investment industry
news and insights? Sign up for CIO newsletters.

NEST initial contract will run around £400-500 million between the two firms, the $9.9 billion organization said. Amundi and BlackRock beat out nearly 40 other firms that bid for the program. NEST said that the managers were selected for their innovation and cost-efficiency.

NEST was recently announced as a finalist for CIO’s 2019 Industry Innovation Awards in the “Defined Contribution Plan” category.

 

Related Stories:

UK’s NEST Pension to Quit Smoking

NEST Seeks New Ways to Access Private Credit

 

 

 

Tags: , , , , , ,

«