Diversity, Equity & Inclusion have become trending topics, especially as of late, but the truth is supplier diversity initiatives have been in effect in some corporations for decades. A few have achieved over $1 billion in annual spending across their diverse supplier base. Yet few  of those dollars are contributed through real estate services. It appears that we are at a juncture where corporate supplier diversity goals are growing and corporate real estate can significantly contribute to achieving those...

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EIB and EDFI members expand existing - European Financing Partners (EFP) - financing scheme to reduce the economic impact of Covid-19 on companies in developing countries. As part of Team Europe’s response to the Covid-19 pandemic, eleven members of EDFI, the Association of European Development Finance Institutions, are strengthening cooperation with the European Investment Bank (EIB) to create a new dedicated Covid-19 financing initiative through the existing European Financing Partners (EFP) scheme. The EUR 280 million initiative will support financial...

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ING announced today that Ljiljana Čortan will be appointed chief risk officer of ING. Ljiljana Čortan until recently served as chief risk officer of HypoVereinsbank – UniCredit Bank (HVB) in Germany. She will succeed Steven van Rijswijk, who was appointed CEO of ING effective 1 July 2020. Ljiljana Čortan will be appointed as chief risk officer and member of the Management Board Banking effective 1 January 2021. The Supervisory Board will propose to shareholders to appoint her as member of...

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"Advisory committees are becoming intertwined with fund operations", say Troutman Pepper partner Julia Corelli and associate Patrick Bianchi | With increasing regulatory scrutiny on fees and expenses, fund managers are turning to their limited partner advisory committees (LPACs) more as a body with approval rights than for oversight by significant limited partners (LPs). While managers seek greater transparency and protection from second-guessing with the benefit of hindsight, LPAC members’ increasing responsibilities raise concerns of time commitments, conflicts, compensation and liability. Compared...

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