OMFIF strengthens management and board
OMFIF, the independent financial think-tank for central banks, economic policy and public investment, is strengthening its management and board, including at the OMFIF Foundation, as it expands activities in its ninth year of operations.
David Marsh, Co-founder and Managing Director, becomes Chairman, while Pooma Kimis, Deputy Managing Director, becomes Managing Director, on 1 January 2018.
John Plender steps down from the position of Chairman he has held since 2014. He will remain on the OMFIF Board he joined in 2012. Phil Middleton, a Deputy Chairman of the OMFIF Advisory Council, former Partner at business services firm EY, will become a Member of the Board. John Nugée, a former Chief Manager of Reserves at the Bank of England, will leave the Board on 1 April after four years, becoming a Senior Adviser.
Hani Kablawi, Chairman of Europe, Middle East and Africa (from 1 January) and CEO of Global Asset Servicing at Bank of New York Mellon, and Gary Smith, Head of Sovereigns, and a member of the Strategic Relationship Management Team at Barings, become Deputy Chairmen of the Advisory Council, under Chairman Lord (Meghnad) Desai, Emeritus Professor at the London School of Economics and Political Science. The other Deputy Chairs of the Advisory Council are Louis de Montpellier (State Street Global Advisors), Frank Scheidig (DZ Bank) and Songhzuo Xiang (Renmin University).
These changes coincide with appointments at the OMFIF Foundation, set up in August to promote longer-term education and research projects. Dennis Lockhart, former President and CEO of the Federal Reserve Bank of Atlanta, a former member of the Federal Open Market Committee, and Rintaro Tamaki, President of the Japan Center for International Finance, a former Deputy Secretary-General at the Organisation for Economic Co-operation and Development and Vice Minister for International Affairs at the Japanese Finance Ministry, join the OMFIF Foundation Board.
Other members include Zeti Akhtar Aziz, former Governor of Bank Negara Malaysia, Lord (Norman) Lamont, former UK Chancellor of the Exchequer, and Mark Burgess, former Managing Director of the Australian Future Fund.
John Plender, outgoing Chairman, said: 'OMFIF is strengthening and broadening its management and structure as we seek to become ever more relevant for Members around the world. The adjustments demonstrate the right mix of continuity and change.'
David Marsh, Co-founder, said 'We thank John Plender and John Nugée for their wise advice and insights. Both will remain very closely involved with OMFIF as we continue to spread our wings internationally in association with friends and partners.'
Pooma Kimis, who joined OMFIF in January 2012, said, 'I look forward to continuing the upward trajectory OMFIF has been on under David Marsh's leadership. We aim to have widespread impact and lasting value in the world of global public investors and markets we serve in 2018 and beyond.'
About OMFIF (www.omfif.org)
The Official Monetary and Financial Institutions Forum is an independent think tank for central banking, economic policy and public investment – a non-lobbying network for best practice in worldwide public-private sector exchanges.
At its heart are Global Public Investors – central banks, sovereign funds and public pension funds – with investable assets of $30tn, equivalent to 40% of world GDP.