TheCable

The United Nations (UN) has appointed  Kemi Adeosun, minister of finance, into the investments committee of the United Nations Joint Staff Pension Fund (UNJSPF).

Confirming the appointment, Jan Beagle, under-secretary-general of the UN, congratulated Adeosun and said she would remain part of the committee for one year, starting from January 1.

“On behalf of the secretary-general, I have the honour to inform you that at the 55th plenary meeting of the seventy-second session of the General Assembly, the General Assembly decided to appoint you as an ad-hoc member of the Investments Committee for a one-year term of office, beginning from January 1, 2018,” she said.

“I would like to take this opportunity to congratulate you on your appointment and wish you success in your work.”

Also welcoming Adeosun to the committee, Carolyn Boykin, representative of the UN secretary-general on the UNJSPF Investment Committee, who explained that the purpose of UNJSPF’s investments was to protect the interests of international civil servants who participate in the pension fund.

“The fiduciary responsibility is to all parties concerned and it is the responsibility of the secretary-general to ensure that those investments are managed to preserve the capital of the fund and to obtain a long-term real rate of investment return that is line with the actuarial assumptions, without jeopardizing the capital of the fund by taking excessive risks,” she said.

The UNJSPF is a fund that provides UN pension, death, disability and the other related benefits for staff of the United Nations and the other organisations admitted as members of the fund.