SOURCE: USCIB

May 05, 2008 09:52 ET

MEDIA ADVISORY: Update From Top Treasury Official on Sovereign Wealth Funds

NEW YORK, NY--(Marketwire - May 5, 2008) -


WHAT:  Briefing: "Sovereign Investment: An Update on Global Best Practices"

WHO:   Robert M. Kimmitt, deputy secretary of the Treasury
       H. Rodgin Cohen, chairman, Sullivan & Cromwell
       Peter M. Robinson, president, United States Council for
       International Business

WHEN:  Thursday, May 8, 2008
       1:15 - 2:30 p.m.

WHERE: Sullivan & Cromwell
       125 Broad Street
       New York, N.Y.

MEDIA: RSVP STRONGLY ENCOURAGED BY 5 P.M., WEDNESDAY, MAY 7
       A limited number of interview requests may be accommodated
       Contact: Jonathan Huneke, United States Council for
       International Business
       +1 212-703-5043 (office), +1 917 420-0039 (mobile),
       jhuneke@uscib.org

The United States is working with major multilateral institutions, including the International Monetary Fund and the Organization for Economic Cooperation and Development, to develop best practices for sovereign wealth funds, promote strong international standards of transparency and corporate governance, and maintain open, transparent, and non-discriminatory investment policies among all countries. At this timely briefing, Deputy Treasury Secretary Robert M. Kimmitt will update members of the United States Council for International Business (USCIB) and the media on the latest developments in this area.

USCIB promotes an open system of global commerce. Its membership includes more than 300 leading U.S. companies, professional services firms and associations whose combined annual revenues exceed $3.5 trillion. As American affiliate of the leading international business and employers organizations, USCIB provides business views to policy makers and regulatory authorities worldwide and works to facilitate international trade. More information is available at www.uscib.org.

Contact Information

  • Contact:
    Jonathan Huneke
    United States Council for International Business
    +1 212-703-5043 (office)
    +1 917 420-0039 (mobile)
    Email Contact