Andrew Elrick named executive director of David Rockefeller Center

first_imgMr. Andrew Elrick has been named Executive Director of the David Rockefeller Center for Latin American Studies (DRCLAS), to begin Feb. 1. Elrick will depart his position as Director of Administration of the Global Initiative at the Harvard Business School (HBS). He will take the helm of one of the most active area studies centers at Harvard, managing a staff of nearly thirty carrying out activities in main office in Cambridge as well as overseas offices in Santiago de Chile, São Paulo, Brazil, and Mexico City. Elrick brings 15 years of experience at Harvard, including work at LASPAU, HBS, and as the interim Executive Director at the Harvard University Shanghai Center. Elrick holds an undergraduate degree from Tulane University in Latin American Studies and international relations and a Masters in International Education Policy from the Harvard Graduate School of Education. Elrick speaks both Portuguese and Spanish and has lived and studied abroad in Venezuela, Portugal, and Spain. He has spent much time in Latin America in his professional endeavors, including two years researching telecommunications markets for the Economist Intelligence Unit.Outgoing DRCLAS Executive Director Ned Strong will be retiring this spring after many years of service to the University, including four years as Executive Director at DRCLAS, four years as director of the DRCLAS Regional Office in Santiago, Chile, and many years as Executive Director of LASPAU.DRCLAS was founded in 1994 with the mission of promoting teaching and learning about Latin America and related fields at Harvard, strengthen ties between Harvard and institutions throughout Latin America, and enhance public understanding of Latin America in the United States and abroad. Read Full Storylast_img read more

Episode #51: EHC, NHC, EUC and VM Vending Machines

first_imgReturning to EMC The Source Podcast, Rajeev Dawar (@VirtuallyRaj) gives us an update on EMC Enterprise Hybrid Cloud, Native Hybrid Cloud and End-User Computing (EUC).  Rajeev also touches on the concept of the VM Vending Machine, all based on EMC converged offerings supporting our customers’ workloads, regardless of requirements.  Rajeev also touches on his involvement in the EMC CTO Ambassador program.Don’t miss “EMC The Source” app in the App Store.  Be sure to subscribe to The Source Podcast on iTunes, Stitcher Radio or Google Play and visit the official blog at thesourceblog.emc.comThe Source Podcast: Episode #51: EHC, NHC, EUC and VM Vending Machines with Rajeev DawarAudio Player Up/Down Arrow keys to increase or decrease volume.EMC: The Source Podcast is hosted By Sam Marraccini (@SamMarraccini)last_img read more

Judge explores impact of human rights court

first_imgDiego García Sayán, judge and former president of the Inter-American Court of Human Rights and former Foreign Affairs Minister of Peru, spoke Tuesday at the Hesburgh Center on the importance of the court in promoting democracy in Latin America.Sayán spoke at an event sponsored by the Kellogg Institute of International Studies. He said that he has “an optimistic view” on the role of the Inter-American Court of Human Rights.Emmet Farnan | The Observer “Not a naïve view, but an optimistic view that does not pretend that the inter-American system that we have worked in with our commission and our court itself can make any major social or political change in the Americas [by itself], but [it can] help this evolution that has taken place in the last two or three decades,” Sayán said. “… It has had very positive results in the strengthening of democracy.”Sayán cited the dramatic improvement of economic conditions across the Latin American world and the decrease in the number of armed conflicts and coups as other key factors in the growth of a democratic tradition and simultaneous decrease of human rights abuses in Central and South America.Sayán said the court’s process and choice of cases can lead to the “evolution of different attitudes in a democratic society.” He said the court “receive[s] cases of torture, disappearance … and this new opportunity to deal with cases of discrimination of sexual orientation, news cases of access to public information [and] new very complex cases of freedom of expression.”The court’s total number of cases has increased — 32 percent of all cases tried by the court since 1979 have been tried in the last four years, Sayán said. He said the increase is due to the greater variety of cases brought before the court, not a deterioration of human rights in the region.“The court has a big difference with national courts worldwide or with other international courts like the European Court of Human Rights in the sense that when the court enacts its ruling, it retains the process of following the compliance of its rulings,” Sayán said. “… [It is] a system which we have discovered has, at the end of the day, been very important to guarantee that the implementation of the ruling follows international procedure.”These kinds of changes can take the form of financial reparations or public apologies by a nation’s government or even changes to laws, regulations or national constitutions, Sayán said. For instance, the Inter-American Court of Human Rights recently forced legal change in Mexico that prevents the use of military tribunals in the investigation and trying of human rights violations.Diego García-Sayán will be in residence from Sept. 8 to Oct. 8 as part of the Kellogg Institute’s visiting fellowship program. Tags: human rights, international justice, Kellogg Institute, visiting fellowlast_img read more

Skylar Astin Cheers on His Girlfriend Anna Camp on Verite’s Opening Night

first_imgAnna Camp had an aca-awesome guy cheering from the audience on opening night of her new off-Broadway show Verite on February 18: Skylar Astin! Her boyfriend and Pitch Perfect co-star stopped by (in the midst of some exciting news about his new TV gig) to cheer her on and hang out at the post-show party. Directed by Moritz von Stuelpnagel and written by Nick Jones, Verite tells the story of Jo (Camp), a stay-at-home mom and struggling writer who tries to make her life exciting enough to publish a memoir. Check out these shots by Jenny Anderson of Camp celebrating with Astin and her co-stars Jeanine Serralles, Matt McGrath,  Danny Wolohan, Oliver Hollman, Ebon Moss-Bachrach and Robert Sella, then see the new Lincoln Center Theater production at the Claire Tow Theatre. View Comments Verite Related Shows Show Closed This production ended its run on March 15, 2015last_img read more

Are you providing enough support to your compliance officer?

first_img continue reading » “I get by with a little help from my friends.”Even The Beatles knew it takes a village to maintain compliance across an entire financial institution!All kidding aside, even banks and credit unions that have a dedicated compliance officer must rely on the knowledge and expertise of third-party vendors to remain compliant in all areas. That’s doubly true right now, with everything happening with the COVID-19 crisis. It’s up to the management team to provide their compliance people the support they need to be able to do their job thoroughly.NOBODY CAN REALISTICALLY GO IT ALONEI’m reminded of a conversation I had with a CEO, who told me, “We don’t need to hire an outside consultant to monitor and manage our overdraft program—we’re hiring a great compliance officer with previous experience in overdraft compliance.” ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Looking ahead: Holding meetings in 2021

first_img This post is currently collecting data… This is placeholder text continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrcenter_img Happy November! The year 2020 is drawing to a close. That does, however, leave some burning questions for 2021. No, I’m not talking about the results of tomorrow’s Presidential election. I’m talking about virtual meetings.As we get closer to 2021, many Federal Credit Unions (FCUs) are starting to think about their 2021 annual meetings. This is especially true for FCUs that tend to hold their annual meeting during the first few months of the calendar year. NCUA’s model bylaws require an FCU to give 30-75 days’ notice of the annual meeting to its members, which means some FCUs may be planning to send their 2021 notices in the coming weeks. Given that the COVID-19 pandemic is still with us, several FCUs have written to the NAFCU Compliance Team in recent weeks to ask about whether they can hold their 2021 Annual Meetings virtually. So, let’s review the current state of virtual meetings:As described in this previous post, NCUA issued Letter 20-FCU-02 in March 2020. The letter provided a new bylaw amendment which FCUs could adopt by a 2/3 majority vote of their board. Once adopted, the amendment would allow FCUs to hold their annual meetings in an entirely virtual format. However, to utilize this virtual meeting amendment, the FCU’s board must adopt a resolution certifying the following:last_img read more

Coronavirus: Hungary and Portugal in partial lockdown

first_imgAcross the whole of the EU and UK, the Covid death rate per 100,000 population is highest in the Czech Republic (25), followed by Belgium (19) and Hungary (10.4), the EU’s European Centre for Disease Control (ECDC) reports. The figure for Portugal is 5.6.- Advertisement – – Advertisement –last_img

China rules out hosting most international sport in 2020

first_imgThe General Administration of Sport (GAS) said in a statement that, except for Beijing 2022 Winter Olympic test events “and other important events, in principle, no other international sports events will be held this year”.China’s highest sporting authority did not specify which competitions will be hit, but the official Xinhua news agency said that “lots of international sport events will be affected”.This year’s global sporting calendar has been badly disrupted by the pandemic, with the Tokyo 2020 Olympics and Euro 2020 football pushed back to next summer.China was earmarked to host a number of tennis tournaments later this year in a revised schedule. Topics : The Chinese Super League (CSL) football season was due to kick off on February 22 but became one of the earliest sporting victims of the pandemic when it was indefinitely postponed in January.The CSL will now begin on July 25 under a different format in which the 16 teams will be split into two groups located in two cities to stop any infections spreading.It follows the return of the Chinese Basketball Association competition last month — the first major league to return to action in the country following the coronavirus outbreak.Like in the CBA, CSL games will take place behind closed doors. China will not hold most international sporting events for the rest of 2020 as part of measures to stop the spread of coronavirus, the government said Thursday, dealing a potential blow to the likes of Formula One and tennis.Shanghai’s sports authority recently said that it had been offered two Formula One races this year, while several tournaments in China are on the revised tennis calendar.But China — where coronavirus emerged late last year before spreading globally — appears to have ruled out many of those now happening, despite local infections dwindling markedly. That includes the WTA Wuhan Open in October — the central city was the original epicentre of the pandemic and staging the annual tournament would be hugely symbolic.The fate of the Wuhan Open and season-ending WTA Finals has now been thrown into grave doubt, along with the prestigious ATP Shanghai Masters which would usually take place in the autumn.last_img read more

Real estate standout performer as Church of England returns 8.2%

first_imgWhile the fund has achieved an average 9.7% per annum growth over the past 30 years, Andreas Whittam Smith, first Church estates commissioner, warned that achieving such a satisfactory performance in future might be harder.He said investors were nervous because they felt governments had lost the power to reverse any slowdown in economic activity.In the past, governments would reduce interest rates, but now that rates hover around zero, that remedy is unavailable.“It’s hard to believe negative interest rates can provide the necessary boost, or governments would let the supply of money expand,” he added.“But doing that on a grand scale recently through so-called ‘quantitative easing’ has had more impact on the prices of assets, especially real estate, than it has had on business activity.“The risk is that economic activity slows down across the world and remains stuck at a low level.”The endowment fund helps finance the Church’s activities, as well as pensions arising from pre-1998 service.Over 2015, property – 28% of total assets – was a star performer, delivering a 14.4% return across all portfolios, although less spectacular than the 27% achieved the year before.The Commissioners attributed this return to active management of a high-quality set of properties.The best performing property class was strategic land, which returned 19.8%.The asset class, which makes up 3% of total assets, provides development opportunities and activity centred on housing developments in smaller towns and cities such as Carlisle, Peterborough and Chichester.  The largest allocation is to rural property, which makes up 9% of total assets and includes farmland, renewable energy and minerals rights.This allocation returned 9% over 2015.Residential property (6% of overall assets) returned 19.5% and commercial (4% of assets) 13.5%.Indirect property – minority investments in property partnerships – amounts to 3% of assets and returned 12.8%.The Commissioners focused on key sales, particularly of its global real estate investment trust (REIT exposure), and most of its student housing in the last three months of 2015.Timberland now makes up 4% of total assets, delivering 13% for 2015.The estate is invested in the UK, the US and Australia, and activity included further acquisitions of Indian sandalwood holdings in Australia.Meanwhile, global equities, which make up 23% of assets, returned 3.5% over the year, with UK equities (9% of assets) faring slightly better, with a 3.6% return.Tom Joy, director of investments, said: “Performance was again helped by our exposure to smaller companies, particularly in the UK, where our UK smaller companies portfolio returned 13.3% against
 its benchmark of 10.6%.”However, following this strong performance, the fund trimmed its UK allocation to smaller companies and exited completely from smaller company mandates in Continental Europe.Joy said exposure to emerging market equities had been a drag on the global portfolio performance.However, the 8% allocation to defensive equities generated a return of 8%.Private equity performed even better than in 2014, with a 20.2% return.The allocation was increased to 4% over the year and will be further expanded over the next few years.The fund’s fixed interest portfolio, which includes investments in global high-
yield bonds and emerging market
 debt, returned -1.6% during 2015, as credit markets sold off because of concerns over defaults from the collapse in commodity prices.The fund continues to maintain a low weighting to this asset class.However, it continued to increase its allocation to private credit, which returned 14.6% over the year. The Church Commissioners – the investment arm of the Church of England – has announced returns of 8.2% on its £7bn (€8.9bn) portfolio for 2015.Though lower than the 14.4% delivered in 2014, the return is still 2% above the fund’s target of inflation plus 5%.During 2015, the Commissioners focused on making selective sales from the property portfolio and on further diversification, to ensure the portfolio is more defensive in the face of expected market headwinds.This strategy has continued into 2016, when in March, the fund’s assets committee approved the sale of £250m of global equities, increasing cash holdings from 8% (as at end-2015) to just over 11% of total assets.last_img read more