Agenda and minutes

Financial Investment Board - Thursday, 18th September, 2014 1.45 pm

Venue: Committee Rooms - West Wing, Guildhall

Contact: Philippa Sewell
tel. no.: 020 7332 1426  Email: philippa.sewell@cityoflondon.gov.uk

Items
No. Item

1.

Apologies

 ...  view the full agenda text for item 1.

Minutes:

Apologies were received from Roger Chadwick and Deputy Ken Ayers. Apologies for lateness were received from Stuart Fraser.

 ...  view the full minutes text for item 1.

2.

Members' Declarations under the Code of Conduct in respect of items on the agenda

 

 ...  view the full agenda text for item 2.

Minutes:

There were no declarations.

 ...  view the full minutes text for item 2.

3.

Minutes of the previous meeting pdf icon PDF 125 KB

To agree the public minutes and non-public summary of the meeting held on 9 July 2014.

 ...  view the full agenda text for item 3.

Minutes:

RESOLVED - That the public minutes and non-public summary of the meeting held on 9 July 2014 be agreed as an accurate record.

 ...  view the full minutes text for item 3.

4.

Co-Option to the Financial Investment Board pdf icon PDF 69 KB

Report of the Town Clerk.

 ...  view the full agenda text for item 4.

Minutes:

Philip Woodhouse left the room for the discussion of this item.

 

RESOLVED – That Philip Woodhouse be co-opted to the Financial Investment Board.

 ...  view the full minutes text for item 4.

5.

Outstanding Actions pdf icon PDF 120 KB

Report of the Town Clerk.

 ...  view the full agenda text for item 5.

Minutes:

Members noted that a job description for the Independent Advisor had been drafted and would be circulated to Members in time for the December meeting, alongside the report considering Investment Consultancy post March 2015. A report on benchmarking would be presented to the Board’s meeting scheduled for December.

 

RESOLVED – That the report be noted.

 ...  view the full minutes text for item 5.

6.

Monthly Investment Analysis Review pdf icon PDF 334 KB

Report of the Chamberlain.

 ...  view the full agenda text for item 6.

Minutes:

The Board received the monthly review from July 2014, which detailed the list of current investments.

 

RESOLVED – That the report be noted.

 ...  view the full minutes text for item 6.

7.

Questions on matters relating to the work of the Committee

 ...  view the full agenda text for item 7.

Minutes:

There were no questions.

 ...  view the full minutes text for item 7.

8.

Any Other Business that the Chairman considers urgent

 ...  view the full agenda text for item 8.

Minutes:

There was no other business.

 ...  view the full minutes text for item 8.

9.

Exclusion of the Public

MOTION - That under Section 100(A) of the Local Government Act 1972, the public be excluded from the meeting for the following items on the grounds that they involve the likely disclosure of exempt information as defined in Part I of the Schedule 12A of the Local Government Act.

 ...  view the full agenda text for item 9.

Minutes:

RESOLVED - That under Section 100(A) of the Local Government Act 1972, the public be excluded from the meeting for the following items on the grounds that they involve the likely disclosure of exempt information as defined in Part I of the Schedule 12A of the Local Government Act.

 

Item No.                                                                    Exempt Paragraphs

 

Paragraph(s) in Schedule 12A

10-18

                            3

 

 ...  view the full minutes text for item 9.

10.

Non-public minutes of the previous meeting

To agree the non-public minutes of the meeting held on 9 July 2014.

 ...  view the full agenda text for item 10.

Minutes:

RESOLVED - That the non-public minutes of the meeting held on 9 July 2014 be agreed as an accurate record.

 ...  view the full minutes text for item 10.

11.

Pyrford International

Presentation from Pyrford International.

 ...  view the full agenda text for item 11.

Minutes:

The Board received a presentation from Pyrford International, after which Members of the Board had the opportunity to ask questions.

 ...  view the full minutes text for item 11.

12.

Financial Investment Board Handbook and Annual Work Programme

Report of the Town Clerk.

 ...  view the full agenda text for item 12.

Minutes:

The Board considered the draft Financial Investment Board handbook pages and Annual Work Programme.

 ...  view the full minutes text for item 12.

13.

Investments Performance Monitoring to 30 June 2014

Report of the Chamberlain.

 ...  view the full agenda text for item 13.

Minutes:

The Board received a report of the Chamberlain.

 ...  view the full minutes text for item 13.

14.

Quarterly Investment Report as at 30 June 2014

Report of Aon Hewitt.

 ...  view the full agenda text for item 14.

Minutes:

The Board received an investment report of Aon Hewitt for the quarter ending 30 June 2014.

 ...  view the full minutes text for item 14.

15.

Replacing Fund Managers

Report of Aon Hewitt.

 ...  view the full agenda text for item 15.

Minutes:

The Board received a report of Aon Hewitt.

 ...  view the full minutes text for item 15.

16.

Private Equity and Infrastructure Update

Report of Aon Hewitt.

 ...  view the full agenda text for item 16.

Minutes:

Aon Hewitt updated Members on Private Equity and Infrastructure.

 ...  view the full minutes text for item 16.

17.

Non-public questions on matters relating to the work of the Committee

 

 ...  view the full agenda text for item 17.

Minutes:

There were no non-public questions.

 ...  view the full minutes text for item 17.

18.

Any Other Business that the Chairman considers urgent and which the Committee agree should be considered whilst the public are excluded

 

 ...  view the full agenda text for item 18.

Minutes:

The Corporate Treasurer reminded Members that the Treasury Management Training session was scheduled for the morning of 30th October.

 ...  view the full minutes text for item 18.