Clare Pennington

The advisory scope for potential candidates includes private equity, credit, real assets and opportunistic investments.

Agriculture, food and retail will be top priorities for the Sino-Russian vehicle, which will also target mining and infrastructure investments.

Olaf Huth was chief executive officer of HSBC Trinkaus & Burkhardt, a German subsidiary of the global bank.

The commission’s chairman said he is worried agriculture supply chains could be hurt if the port’s future owner is given rights to develop a second port to the south.

The pension fund is rolling its infrastructure, energy, agriculture, timber and real estate asset managers into a single division, but says each will operate independently.