CitiStreet’s global chairman and CEO Phil Lussier has been named chairman of the board of the member administrator’s Australian business.
Lussier is expected to make several visits to Australia over the coming year. CitiStreet Australia CEO Stuart Korchinski said Lussier’s appointment reinforced Australia’s strategic importance. “With Phil taking over as chairman of CitiStreet Australia, we will be even better positioned to successfully execute our strategy of applying our global expertise to help large industry funds and corporate and retail master trust clients grow their businesses,” Korchinski said.
26/02/2008
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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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