AON Master Trust appoints CIO as new head

AON Master Trust has appointed its chief investment officer, Janice Sengupta, as its new head.

Sengupta will continue in her role as chief investment officer while taking on the additional duties, as part of the fund’s strategy to be nimble and lean.

“We are excited to have Janice spearhead the Aon Master Trust team, a team who from the very beginning has been examining the needs of our clients and are focused on making super simpler,” said Steve Gaffney, chief executive officer, Aon Hewitt Pacific in a press release. “We are confident that she will be able to deliver outstanding results for both members and the business in her new role.”

Sengupta first joined Aon’s Sydney office in 2006 as head of research with responsibility for fund manager research within Australasia. In 2007, she was promoted to practice leader and principal of Aon’s Investment Consulting business in and in 2012 she joined the trustee board of directors for the $3 billion Aon Master Trust.

“With my new role as head of the Aon Master Trust I have the opportunity to guide strategy drawing from the thought leadership of Aon’s global investment research experts and utilising connections with the Global Investment Practice Committee,” Sengupta said. “Together with the experience and expertise of the current team, I am confident we will take Aon Master Trust to its next successful stage in evolution.”

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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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