Watson Wyatt has tapped Aon Consulting for a senior asset consultant.
Andrew Povah recently joined the Sydney office of Watson Wyatt from Aon Consulting, where he fulfilled roles in Australia and the United Kingdom. At Watson Wyatt, he will be responsible for advising institutional clients on a range of matters, chiefly strategic asset allocation and manager structure. Povah has worked in the superannuation and investments industry for more than nine years, and became a Fellow of the Institute of Actuaries in the UK, specialising in investments, in 2006. The headcount of Watson Wyatt’s global investment corpus has grown considerably in recent months and is now one third larger than it was 18 months ago.
19/08/2008
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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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