£46bn public pension pool hires Saudi Aramco investment chief

first_imgBorder to Coast Pensions Partnership – a £46bn (€51bn) collaboration between 12 UK local government pension schemes (LGPS) – has hired oil giant Saudi Aramco’s head of portfolio management as its first permanent chief investment officer.Daniel Booth started his new role today, according to a statement from Border to Coast published this morning. He will work with interim CIO John Harrison to ensure a smooth leadership transition over the next few months, the company said.During an eight-year spell at Saudi Aramco, Booth built up the oil company’s investment programme, which incorporated corporate pension, endowment and insurance portfolios.According to Border to Coast, Booth oversaw the Saudi Aramco investment team as it became “the top performing multi-asset Saudi investment entity”. Booth previously worked at Frankfurt-based Prime Capital, an alternatives asset manager, where he was head of alternative asset research. He has also worked as an investment director at German research firm FERI.Rachel Elwell, CEO of the asset pool, said Booth brought a “strong understanding of the investment world, and in particular in private markets”.Daniel Booth said: “The UK pension pooling agenda will allow our partner funds to compete with the most sophisticated global investors and maximise their future risk-adjusted investment returns.“It is an honour to accept this role and I will endeavour to protect and serve the needs of the many pension scheme members and taxpayers of the different underlying local government pension funds to the best of my abilities.”Chris Hitchen, chair of Border to Coast, added: “Our ability to attract a CIO of Daniel’s calibre and experience is testimony to both the importance of our voice as a pensions pool and Daniel’s vision for how that can develop in the future.”Border to Coast opened for business in July, pooling £7bn worth of UK and global equities previously run in-house by three of the pool’s LGPS clients. It is also considering tenders for external managers for UK equities.Last month IPE reported that Border to Coast was seeking to appoint a permanent head of external investment capabilities, to take over from former Aviva CIO Graham Long, who joined the company in March on an interim basis. In addition, Jane Firth joined from South Yorkshire Pensions Authority as head of responsible investment.last_img read more

Eric Abidal back in France squad after liver transplant

first_imgEric Abidal and Samir Nasri were both recalled to the France team for the first time in over a year on Thursday as coach Didier Deschamps named a 23-man squad for a friendly match against Belgium in Brussels next week.Abidal, 33, joined Monaco in July after Barcelona opted not to renew his contract and won the last of his 61 caps for Les Bleus in February 2012 before undergoing a liver transplant that sidelined him for just under 12 months.“He joined Monaco and he got through the pre-season quite well. I followed the warm-up matches, where he was very much at ease. He has international experience, he’s been through several competitions,” said Deschamps, explaining his decision to recall the defender.“He’s played 61 times for France. In relation to that and the need for players with international experience, after discussing with him at length his state of mind regarding his selection, I took the decision to recall him.”Nasri, 26, last turned out for France at Euro 2012, after which the Manchester City midfielder was banned from the national team for three matches following a spat with a journalist following the quarter-final defeat to Spain.Sevilla midfielder Geoffrey Kondogbia, a member of France’s triumphant under-20 World Cup side this summer, was also called up for the first time. Squad:Goalkeepers: Mickael Landreau (Bastia), Hugo Lloris (Tottenham/ENG), Steve Mandanda (Marseille)Defenders: Eric Abidal (Monaco), Gael Clichy (Manchester City/ENG), Mathieu Debuchy (Newcastle/ENG), Patrice Evra (Manchester United/ENG), Laurent Koscielny (Arsenal/ENG), Eliaquim Mangala (Porto/POR), Adil Rami (Valencia/ESP), Bacary Sagna (Arsenal/ENG)Midfielders: Etienne Capoue (Toulouse), Clement Grenier (Lyon), Josuha Guilavogui (Saint-Etienne), Geoffrey Kondogbia (Sevilla/ESP), Rio Mavuba (Lille), Samir Nasri (Manchester City/ENG), Moussa Sissoko (Newcastle/ENG), Mathieu Valbuena (Marseille)Forwards: Karim Benzema (Real Madrid/ESP), Olivier Giroud (Arsenal/ENG), Dimitri Payet (Marseille), Franck Ribery (Bayern Munich/GER)last_img read more

PayMaya holds off Iriga, seizes top spot

first_imgWinfrey details her decision to withdraw from Simmons film But Rountree halted that run with help from Grethcel Soltones and Celine Domingo, whose kill-block off Lauren Whyte put the High Flyers at match point, 24-22.Iriga stayed in the game on a Jerrili Malabanan net violation but yielded the set and the match on a wild serve by Cabriana.Earlier, Army rebounded from a tough fourth set loss and carved out a 25-23, 21-25, 25-23, 25-27, 15-2 victory over Air Force.ADVERTISEMENT PayMaya blew a four-point lead but rallied from five down late in the fourth frame as it hacked out a 25-23, 22-25, 25-20, 25-23 victory over Iriga-Navy to grab the solo lead in the Premier Volleyball League Season 2 Reinforced Conference at the Batangas City Sports Coliseum on Saturday.Import Tess Rountree hammered in four of her 24 points in the stretch to anchor the High Flyers’ stirring rally. That fight-back was aided by the Lady Oragons’ three late miscues, the last a service error by Shyra Cabriana that sealed the one-hour, 56-minute victory for PayMaya.ADVERTISEMENT Sports Related Videospowered by AdSparcRead Next MOST READ Jiro Manio arrested for stabbing man in Marikina View comments LATEST STORIES Don’t miss out on the latest news and information. Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Jury of 7 men, 5 women selected for Weinstein rape trial Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award It was a big bounce-back win for PayMaya after a shutout loss to the Creamline Cool Smashers in Tuguegarao last week and it shoved the High Flyers to the top of the heap with a 3-1 card in the single elimination round of the season-opening conference of the league organized by Sports Vision and backed by Mikasa and Asics.“We just tried to keep the ball flying and in play,” said Rountree after delivering another big game spiked by 20 attack points, two blocks and two aces.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crownShelby Sullivan and Aiko Urdas backed her with 11 points each while ace playmaker Jasmine Nabor produced 22 excellent sets and libero Lizlee Anne Pantone came away with 29 digs and 15 excellent receptions for the High Flyers.After seizing a 2-1 set lead, PayMaya broke away from a 6-all count in the fourth by racking up four straight hits. But Iriga, with American Macy Ubben taking charge, tied the count at 15, before the Lady Oragons won six of the next seven points to surge ahead at 21-16. Redemption China population now over 1.4 billion as birthrate falls Volcano watch: Island fissures steaming, lake water receding In fight vs corruption, Duterte now points to Ayala, MVP companies as ‘big fish’ Dave Chappelle donates P1 million to Taal relief operations Steam emission over Taal’s main crater ‘steady’ for past 24 hourslast_img read more

DONE DEAL! Everton complete signing of Nigerian international

first_img The 20-year-old has signed a five-year contract at Goodison Park 1 Everton have confirmed the signing of Nigeria international Henry Onyekuru from Belgian side Eupen – a deal which takes their summer spending past £50million.The 20-year-old, who finished the season as joint top-scorer in the Belgian Super League with 22 goals in 38 matches, has signed a five-year contract after a fee understood to be in the region of £7million was agreed earlier this week.However, he will immediately go out on loan to Anderlecht for next season where he will play in the Champions League.He is the third new arrival at Goodison Park this summer, following Sunderland goalkeeper Jordan Pickford (signed for £25m with £5m of add-ons) and Ajax midfielder Davy Klaassen (£23.6m).“Everton has completed the signing of exciting Nigerian forward Henry Onyekuru,” said a statement from the club.“The pacy 20-year-old has joined the Blues from Belgian side Eupen for an undisclosed fee, becoming the club’s third confirmed signing of the 2017 summer transfer window.”Onyekuru had caught the attention of Arsenal and West Ham after scoring 30 goals in 60 matches for Eupen but Everton moved quickly to secure the young striker’s services.Everton are also expected to complete a deal for Malaga forward Sandro Ramirez by early next week.The Toffees activated the former Barcelona player’s £5.7m release clause a couple of weeks ago but there has been a delay in completing the transfer because of his involvement at the European Under-21 Championship, where he has reached Friday’s final with Spain.Everton are also interested in Swansea midfielder Gylfi Sigurdsson.Everton target Michael Keane could complete transfer this weekendlast_img read more