Agenda and minutes

Financial Investment Board - Monday, 9th December, 2013 1.45 pm

Venue: Basinghall Suite - Guildhall, EC2. View directions

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 for absence were received from Henry Colthurst, Philip Woodhouse and Tom Hoffman.

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

1a

Election of the Acting Deputy Chairman

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Minutes:

Following the resignation of the Chairman it was agreed that the current Deputy Chairman would act-up until the first Financial Investment Board meeting in the new civic year. It was necessary to ballot for a Member to be appointed as acting Deputy Chairman for the remainder of the civic year. Following a ballot, Deputy Ken Ayers was elected as acting Deputy Chairman until May 2014.

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

2.

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

 

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

Minutes:

None.

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3.

Minutes of the previous meeting pdf icon PDF 126 KB

To agree the public minutes and non-public summary of the meeting held on 11th September 2013.

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

Minutes:

RESOLVED: That the public minutes and non-public summary of the meeting held on 11 September 2013 be agreed as an accurate record.

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

4.

Appointment of Financial Investment Board Member to the Social Investment Board

To agree the appointment of a Financial Investment Board member to the Social Investment Board.

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

Minutes:

RESOLVED: That Andrew McMurtrie be appointed as the representative of the Financial Investment Board on the Social Investment Board.

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

5.

Cash investment portfolio - Performance measurement pdf icon PDF 78 KB

Report of the Chamberlain.

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

Additional documents:

Minutes:

An updated was provided by the Corporate Treasurer. It was noted that the 2014/15 investment strategy will be presented to the relevant committees in early 2014.

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

6.

Questions on matters relating to the work of the Committee

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Minutes:

There were no questions.

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

7.

Any Other Business that the Chairman considers urgent

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Minutes:

There was no other business.

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

8.

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 8.

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

7-14

                            3

 

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

9.

Non-public minutes of the previous meeting

To agree the non-public minutes and of the meeting held on 11th September 2013.

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

Minutes:

RESOLVED: That the non-public minutes of the meeting held on 11 September 2013 be agreed as an accurate record.

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

10.

Financial Investments Performance Monitoring to 30 September 2013

Report of the Chamberlain.

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

Minutes:

An updated was provided by the Chamberlain.

 

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

11.

Quarterly Investment Report as at 30 September 2013

Report of Aon Hewitt.

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

Minutes:

An update was given by Aon Hewitt.

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

12.

Private Equity Tactical Plan

Report of Aon Hewitt.

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

Minutes:

Aon Hewitt updated Members on a potential private equity investment vehicle.

 

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

13.

Provision of Investment Advice to the Board

Report of the Chamberlain.

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

Minutes:

The Chamberlain reported on the provision of Investment Advice.

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

14.

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

 

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

Minutes:

There were no non-public questions.

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

15.

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 15.

Minutes:

None.

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