British Prime Minister Theresa May has said Britain will trigger Article 50 of the Lisbon Treaty (that governs EU Law) by March 2017. Article 50 allows any state to withdraw from the European Union. Once Article 50 is triggered, a period of negotiations will take place between the UK and the remaining 27 countries. These discussions will include the date of actual "Brexit" and the trade terms on which Britain will leave the EU.
Sunday, 2 October 2016
Saturday, 1 October 2016
A New CEO for the Harvard Management Company
NP Narvekar will succeed Stephen Blyth as CEO for the Harvard Management Company (HMC) in December 2016, following the latter's resignation in July 2016. HMC is the management company for Harvard's $35.6 billion endowment.
Blyth joined HMC in 2006 from Deutsche Bank, where he served as Managing Director of Global Rates Proprietary Trading, based in London. He has also traded interest rate derivatives for Morgan Stanley in New York and is an alumnus of Harvard himself, gaining a PhD in statistics.
Narvekar also comes from an investment banking background. He is an ex-JP Morgan derivatives trader who has since established himself as an endowment manager, most recently running Columbia University's Investment Management Company (IMC). He has an MBA from Wharton.
Blyth joined HMC in 2006 from Deutsche Bank, where he served as Managing Director of Global Rates Proprietary Trading, based in London. He has also traded interest rate derivatives for Morgan Stanley in New York and is an alumnus of Harvard himself, gaining a PhD in statistics.
Narvekar also comes from an investment banking background. He is an ex-JP Morgan derivatives trader who has since established himself as an endowment manager, most recently running Columbia University's Investment Management Company (IMC). He has an MBA from Wharton.
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