Market Overview

FCLTGlobal Appoints New Members to Board of Directors

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New directors chosen from leadership of the group's global Member
organizations

FCLTGlobal, a not-for-profit organization that works to encourage a
longer-term focus in business and investment decision-making, is pleased
to announce the addition of six new members to our Board of Directors.
The following executives joined the board effective January 1, 2019:

  • Vijay Advani, CEO, Nuveen Investments Inc
  • Leni Boeren, CEO, Kempen Capital Management
  • Peter Harrison, Group Chief Executive, Schroders
  • Geraldine Matchett, CFO, DSM
  • Kevin Sneader, Global Managing Partner, McKinsey & Company
  • Howard Ungerleider, President and Chief Financial Officer of
    Dow, and Chief Financial Officer of DowDuPont

All six of the new directors were selected for their proven leadership
in the area of long-term investment. Each holds a senior executive role
at one of FCLTGlobal's 50 Member organizations, which together represent
companies around the world and across the global investment value chain.

"I am thrilled to welcome our group of new board members. These
individuals bring a wealth of experience and leadership in advancing
long-term strategies at their own organizations," said Mark D. Wiseman,
Chair of the Board of FCLTGlobal and Global Head of Active Equities and
Chairman of Alternative Investors for BlackRock. "Each new board member
will be a great asset to FCLTGlobal's future and to our mission to drive
long-term change in capital markets."

FCLTGlobal expresses deep appreciation to the board directors that
recently completed their tenures and continue to counsel FCLTGlobal as
Strategic Advisors: Dominic Barton, Global Managing Partner Emeritus,
McKinsey & Company; Else Bos, Executive Director and Chair of Prudential
Supervision, De Nederlandsche Bank; and Andrew Liveris, former Chairman
and CEO of The Dow Chemical Company and Executive Chairman of DowDuPont.
Each has been instrumental to FCLTGlobal's success since its inception
in 2016 and left an indelible impact on the organization.

"As inaugural members of the Board of Directors of FCLTGlobal, Dom,
Else, and Andrew guided our team and our strategy from the outset. We
are grateful for their invaluable service and thank them for their
continued support as Strategic Advisors. We're excited to continue our
important work together," said Sarah Keohane Williamson, FCLTGlobal's
Chief Executive Officer.

FCLTGlobal will convene its new board for the first time in January to
discuss the organization's research priorities and strategic direction
around long-term investment.

About FCLTGlobal

FCLTGlobal is a 501(c)(3) not-for-profit dedicated to developing
practical tools and approaches that encourage long-term behaviors in
business and investment decision-making. It takes an active and
market-based approach to achieve its goals. By conducting research and
convening business leaders, FCLTGlobal develops tools and generates
awareness of ways in which a longer-term focus can increase innovation,
economic growth and future savings. FCLTGlobal was founded in 2016 by
BlackRock, Canada Pension Plan Investment Board, The Dow Chemical
Company, McKinsey & Company, and Tata Sons out of the Focusing Capital
on the Long Term initiative. Its membership encompasses asset owners,
asset managers and corporations from around the world. Please visit www.fcltglobal.org
for more information.

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