BNP Paribas Securities Services (BNP PSS) is searching for a new co-head of operations, after Darren Booth resigned after six months in the role.
Booth previously ran operations and IT at Melbourne-based IOOF Investment Management. He joined Sydney-based BNP PSS on April 16, but had not relocated his family by the time he resigned last month. Greg Nichols has been appointed acting co-head of operations in the interim. “;Greg has a strong background in managing operations, having previously been head of operations for the Cogent business,”; said BNP PSS Asia-Pacific managing director, Jean-Marc Pasquet. He added that Nichols would retain his responsibilities as head of operational risk while local and global candidates were considered for Booth’s replacement. The other co-head of operation remains Sue Jorgensen, who oversees business change programs within BNP PSS.
30/10/2007
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Investments
Canada has established its first national-level sovereign wealth fund with a seed of C$25 billion to underwrite “nation-building” projects like ports, mines and energy infrastructure. In an unusual funding mechanism, the fund will issue a retail product that will allow individual investors to invest with the SWF and “participate in Canada’s growth”.
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