BGI taps competitor for ‘new Genocchio’

Barclays Global Investors has replaced its former head of sales – consultant and research house relations, Charles Genocchio, who left earlier this year to re-establish HSBC Asset Management in the Australian marketplace.

It is understood that Mark Oliver, who since May 2006 has been a director of channel management and direct sales at Credit Suisse Asset Management (Australia), has taken the role. Prior to his stint at CSAM, Oliver was a client relations manager for State Street Global Advisors, and before that worked in a similar capacity for several Scottish-based managers including Martin Currie.

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Canada establishes new SWF amidst global push for nation-building investment

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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