People: Tombini takes FSB committee chair; Al-Wazir moves to IMF

FSB: Central Bank of Brazil governor Alexandre Tombini was appointed on January 21 as chair of the Financial Stability Board's (FSB) Standing Committee on Budget and Resources. He is due to start his two-year term on February 1.

The committee is responsible for assessing the FSB secretariat's resource needs and determining its medium-term budget. Tombini replaces Bundesbank president Jens Weidmann, who has chaired the committee since October 2012.

Also on January 21, the FSB unveiled the names of its new Task Force on Climate-related Financial Disclosures. The industry-led group aims to help tackle the potential for financial instability stemming from climate change by improving firms' disclosures.

Former New York mayor and businessman Michael Bloomberg had already been chosen to chair the task force. The FSB appointed the following vice-chairs: Denise Pavarina, managing officer of Bradesco; Graeme Pitkethly, chief financial officer of Unilever; Christian Thimann, group head of strategy, sustainability and public affairs at AXA; and Yeo Lian Sim, special adviser to the Singapore Exchange.

IMF: Jihad Al-Wazir, who stepped down in November as governor of the Palestine Monetary Authority (PMA), has taken up a new role as assistant director in the IMF's Monetary and Capital Markets Department, he told Central Banking today (January 25).

In an interview with Central Banking just before his final term ended, Al-Wazir said he hoped to be able to help others dealing with similar situations to Palestine. His eight years at the helm of the PMA were marked by bouts of intense crisis management as violence flared between Israel and Palestine, but he also helped to strengthen the banking system and maintain relative stability in the local economy.

Kazakhstan: The Kazakh National Investment Corporation (NIC), one of the country's two sovereign wealth funds, replaced its chairman, Berik Otemurat, on January 13. In a statement, the NIC said he had "been resigned".

Shareholders elected Yeszhan Birtanov as his replacement. He has chaired the Kazakhstan Stock Exchange since July 2015, and previously held senior positions at the National Bank of Kazakhstan, where he was responsible for reserves management. Birtanov helped to establish the NIC in 2012.

UAE: The Abu Dhabi Investment Authority (ADIA) has appointed Sherwood Dodge as global head of private equities.

ADIA is the sovereign wealth fund of the UAE. Dodge will be responsible for setting the fund's private equity strategy, overseeing the private equity programme and making investment recommendations to its investment committee.

Dodge joins ADIA after working for 25 years at General Electric, where he held various senior roles within the conglomerate's financial services businesses. Most recently he was deputy chief executive, and a board member of Hyundai Capital Services and Hyundai Card.