People: Former Sarb deputy takes over state pension fund; Somali governor confirmed

South Africa: Renosi Mokate, a former South African Reserve Bank (Sarb) deputy governor, was appointed chairwoman of the Government Employee's Pension Fund (GEPF), South Africa's largest institutional investor with approximately 1.2 trillion rand ($113 billion) in assets under management.

Mokate, who is the executive director and CEO of the University of South Africa's Graduate School of Business Leadership, was appointed to the Sarb by president Thabo Mbeki in 2005 and served a five-year term.

A former chair of the World Bank's audit committee, she has also served as chairman and CEO of South Africa's Financial and Fiscal Commission and the country's Central Energy Fund. Mokate replaces outgoing GEPF chairman Arthur Moloto.

Somalia: Bashir Isse Ali was confirmed as permanent governor of Somalia's central bank by the country's cabinet last week, according to local media.

Bashir Ali, a former governor of the bank, returned to serve as interim director last November following the sudden departure of Yussur Abrar, a US educated former African Development Bank employee, amid reports she was being pressurised by the government to collaborate in covering up corruption.

Sweden: Heidi Elmér has been appointed head of the Riksbank's new markets department, charged with implementing monetary policy decisions and monitoring market developments. She will take up her new post on June 23.

Currently chief economist at Swedish insurance company Skandia, Elmér was previously head of the Riksbank's market analysis and operations division. She is a former head of fixed income at Handelsbanken's asset management division and has an economics degree from the Stockholm School of Economics, where she also studied for a PhD.