Investment Management 32

Office of the Director, Investment Management Service

Office of the Director, Investment Management Service

Integrated global management

Integrated global management

Table 25 History of the Investment Management Service

Figure 18 Cost of management of the Fund's portfolio by the Investment Management Service

Global audit of field security management

Global audit of field security management

The UNHCR Treasury makes the decisions on investment and cash management.

But it would be more accurate to say that there is global investment shortfall, with investment trending downwards despite the upward trend in global growth.

Currently, the investment section has six investment officers who cover global equity markets and fixed income investments.

(b) Develop, administer and maintain system interface with investment advisers, custodians, bankers and all related financial institutions, and maintain the infrastructure and portfolio management and operational systems of the Investment Management Service

Further refine the global management of the calendar

(b) To review the procedures and operating methods of the Investment Management Service

(c) Enhancement of the Investment Management Service through the addition of five new posts, indexed management costs, including the costs of transition management services, and consultant costs

(c) Improving the efficiency and flexibility of the Investment Management Service in adopting new investment approaches requires a stronger and more sophisticated infrastructure.

There may be some savings to be realized as the Investment Management Service is in the process of changing to one global custodian to replace the master record keeper and three regional custodians.

Implement a full segregation of duties on investment and cash management decisions (para. 89)

Management would come from a new global nuclear organization.

WHO (2004) Global strategic framework for integrated vector management.

The Galileo inventory management system tracks global peacekeeping assets.

(d) In view of the size and diversification of the investment portfolio, the Investment Management Service should increase the number of investment managers or review the possibility of hiring additional discretionary investment advisers (AS2001 95 1 14)

The low costs of finance facilitated global investment, thereby contributing to the acceleration of global growth in 2004.

Globalization has generated a new global market, but also global risks that beg for collective management.

(f) Implement a full segregation of duties on investment and cash management decisions (para. 89)

The project will assist the Investment Management Service in mitigating exposure to various risk factors.

(e) The new investment officer will be specialized in alternative asset management, the skills for which significantly differ from those for conventional portfolio management.

Investment in payroll systems could provide significant returns in cost avoidance and in better system management.

The office of the Director is responsible for the overall operations of the Investment Management Service.

The goals to be achieved relate to the acquisition, customization, installation and maintenance of investment management systems

This effort will be complemented by investment in Headquarters and mission data collection and information management systems.

A new management team had been appointed for the General Authority for Investment and Free Zones (GAFI).

A state of the art system will allow the Investment Management Service to rapidly and accurately handle complex investment data and analyse the portfolio risk and its performance.

(iii) Implementation of an integrated, space based global natural disaster management system

(ii) Implementation of an integrated, space based global natural disaster management system

(a) Renewing the commitment to make global progress towards sustainable forest management.

Recommendation 2 Improve the planning, management and funding of the global campaigns

By realigning the Fund's investment, infrastructure and team configuration, a number of the audit recommendations made to the Investment Management Service in the past few years can be implemented.

Projects aimed at maximizing the potential of remittances must include women, and they needed access to financial management and investment, credit, training in microenterprise management and other resources.

Poor global market prices and lack of investment have severely limited the sector after independence.

Global, automated and real time inventory management should be integral to effective management and control and the existing Galileo inventory management system should be expanded to cover all missions.

UNHCR agreed with the Board's recommendation to implement a full segregation of duties on investment and cash management decisions.

Under the circumstances, the Investment Management Service has received a number of audit recommendations in the past few years.

Water demand management policies could also be used for reducing the waste water volumes and required investment in sewerage.