Kempen Capital Management – Mili Parekh and Katya Nelyudova have been appointed to the Kempen UK business development team, in London. Parekh is responsible for institutional relationships in the UK pensions market. Nelyudova is responsible for building Kempen’s wholesale distribution business in the UK. AP2, Government Pension Investment Fund, PRI, BlackRock, Lombard Odier, Société Générale Securities Services, Kempen Capital Management AP2/GPIF/PRI — Eva Halvarsson, the chief executive of Sweden’s second national pensions buffer fund AP2, has been elected to the board of the UN’s Principles for Responsible Investment (PRI), taking one of two new positions for asset owners. Hiromichi Mizuno, executive managing director and CIO of Japan’s Government Pension Investment Fund (GPIF) has been elected to the other open asset owner seat. Meanwhile, Peter Webster, director of international affairs at Vigeo Eiris has been voted in as a service provider representative. All three new board directors will start their three-year terms on 1 January 2017.BlackRock – Tony Stenning, head of retirement for EMEA, has decided to leave the asset manager for a career break. Stenning joined BlackRock in 2000 in the product management group, becoming head of the UK retail business in 2009. He held this position until 2015. Alex Hoctor-Duncan, head of EMEA retail, will take on Stenning’s responsibilities from the end of the year. In a memo, he said: “After a successful career spanning 16 years with the firm, Tony is planning to take a well-earned break in 2017 before deciding on the next chapter of his career.” Claire Finn will continue to lead BlackRock’s UK DC investments and strategic partnerships team. Stenning has also been chair of the Investment Association’s Investment Funds Committee and chair of The Savings and Investment Policy project (TSIP), a financial services initiative to help simplify savings and investment for savers in the UK.Lombard Odier – Lombard Odier Private Bank has appointed Michael Le Garignon as head of the firm’s independent asset managers offering for the UK, which is being launched next year. Le Garignon joins from Société Générale Securities Services, where he was head of business development, sales, and relationship management for the UK and Ireland. He has previously worked in business development roles at JP Morgan and BNP Paribas Securities Services.
MONTEREY PARK – Admitting that there’s a problem with high school dropouts in California is a good first step, state Superintendent of Public Instruction Jack O’Connell said Monday. Speaking at a workshop presented by the Latino Journal at East Los Angeles College, O’Connell said California’s graduation rate ranges from 30percent to 86 percent, depending on the formula used. “We do not know exactly what the dropout rates are in California, but I want to tell you this: they’re too high and that’s unacceptable,” he said. At a workshop titled, “Addressing The School Dropout Crisis in California,” educators, elected officials and researchers discussed dropout rates for Latino and African-American students and possible solutions. In the summer, the Sacramento-based Latino Journal will hold more workshops and a summit to discuss strategies and public policy. O’Connell said schools need to make sure all students can be problem solvers, analyze information and think critically. Even so-called blue-collar jobs now require the same level of critical thinking, reading and comprehension as white-collar jobs, according to O’Connell. It’s no longer appropriate for high schools to offer two tracks – college or non-college, he said. Instead, schools should have rigor and relevance in all classes. “We need to design programs so each student can reach his or her maximum potential,” he said. It’s OK for someone to not go to college, O’Connell said. But it’s not OK for a student to not have the option or not be prepared to be a contributing member of the global economy, he said. Adolfo Mediano, a board member of Riverside County Office of Education, said education starts at home. “We need to educate parents as to how valuable education is for their children’s welfare, for their future,” Mediano said. Susan Heredia, director at large of the Hispanic California School Boards Association, said school districts need to have a strategic goal and make sure their resources and money are going toward meeting that goal. Elected officials shouldn’t just be rubber stamping every recommendation that comes across their table, she said. They should also closely study what they’re doing and the programs they offer, she said. Sometimes, board members “need to have the courage to say that this isn’t good enough,” Heredia said. [email protected] (626) 962-8811, Ext. 2513 AD Quality Auto 360p 720p 1080p Top articles1/5READ MORECasino Insider: Here’s a look at San Manuel’s new high limit rooms, Asian restaurant160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!