The fourth largest pension fund in Iceland Birta has appointed Pálmar Óli Magnússon, Hrönn Jónsdóttir's new chairman and Guzrún Elfa Hjörleifsdóttir, the new Vice-chairman of her supervisory board, replacing Magnússon. jobs
The Four Staff Representatives on its board are Hjörleifsdóttir and Jónsdóttir and Board Member Örvar Órvar Ór Kristjánsson and Hilmar Harasson. Birta has announced that it is to join Kristjánsson as a new member, replacing Jón Kjartan Kristinsson.
Birta stated that Magnússon, together with Board members, Álfheiður Ágústsdóttir and Sigurzur Ragnarsson, are representatives of the employers on board, and Ágústsdóttir and Ragnarsston are new to the Board, replacing Guðrún Jónsdóttir and Davíð Hafsteinsson, which – along with Kristinsson – are leaving the Board of Birta.
Of the four members of the Board, Bára Laxdal Halldórsdóttir and the newcomer Guzmundur Sigurgeirsson are the pair of employees representing the pension fund, Bolli Árnason and Guðbjörg Guðmundsdóttir stated.
AustralianSuper – Victoria Stanley has been appointed by the AUD213 billion (€134.7 billion) super fund as investment director to join his London Immobilien Team.
Stanley joins Invesco with 16 years of experience in investment and asset management in UK Immobilien markets in various commercial and residential sectors. She recently worked as investment manager for the Invesco Real Estate UK Residential Investment Fund in the UK residential sector.
Australian Super's senior investment director, Paul Clark, said Stanley's expertise and experience would be of significant benefit to the fund.
"The skills and perspectives of Vicky will greatly enhance our growing European property team. Her extensive experience in residential markets in particular will add to our capacity," said Clark. "We want to increase our exposure as a growing pension fund in the UK and Europe and will play a key role in that," he added.
River & Mercantile Group (RMG) - In the Executive Director and responsible for strategic development, Alex Hoctor-Duncan, Global Head of Aberdeen Standard Investments, has been added to the board. The appointment will take effect later this year after his contractual duties have been concluded. GAM Investments – Terence Bong has been contracted to lead customer activities in Singapore and South East Asia. He will also head the new Singapore office of GAM.
Bong is responsible for corporate development and customer relations in Singapore and the region of South East Asia. He is based in Singapore and reports to APAC leader Rossen Djounov.
Bong's appointment and the establishment of a Singapore office underlines the importance of GAM as a strategic growth market for the Asia-Pacific region, where its client base is established. GAM has offices in the region in Hong Kong, Tokyo and Sydney.
Bong used to be South East Asia Wholesale Head at Templeton Asset Manage, where he was the distributor of the Singapore, Thailand and the Philippines to private banks, independent financial advisors, insurance companies and consumer banks. He was Head of Intermediary Development at Nikko Asset Management Asia for three years before Templeton. He also held roles with Schroder, Aviva and Citibank Singapore.
James Barham, RMG Group CEO, stated that Hoctor-Duncan "brings to our strategic development a prospect that fits our ambitions for bringing River and Mercantile to the next stage."
Hoctor-25-year Duncan's career in the asset management industry is mainly at BlackRock and its predecessors in the UK and most recently as global head of Aberdeen Standard Investments where he was responsible for his strategic and development plan.