Investment Management 32

Audit of the Investment Management Service investment performance measurement system

Office of the Director, Investment Management Service

Office of the Director, Investment Management Service

Recommendations 7 (a) and (d) Investment management

Organization and management structure

Organization and management culture

Table 25 History of the Investment Management Service

Mr. H. L. Ouma, Chief, Investment Management Service

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

Under investment cost, the Secretary Chief Executive Officer explained that the additional resources requested were directly linked to the recommendations made in the report of Deloitte and Touche on the investment process, operations and organization of the Investment Management Service.

Funds drawn from the investment management companies was 26,350,000.

These comprise investment in deposits, bonds and equities managed by the United Nations Investment Management Service.

Organization for information management in peacekeeping

Organization of the Department of Management

The organization has 10,000,000 available for the total investment.

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

(e) On the cost side, the investment cost of management improvements.

Training in production and sales management and organization.

The total investment in management reform measures recorded in 2004 was 3,386,366.

7. United Nations Industrial Investment mechanisms and joint Development Organization ventures

As regards the investment decision making process, some members of the Board suggested that there should be more than one investment adviser, and that the management of the investments should be entrusted to external investment managers who would be under the supervision of the Investment Management Service.

Management would come from a new global nuclear organization.

Management has already established a risk management committee that will evaluate the piloting of enterprise risk management in the organization.

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

(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

7. United Nations Industrial Development Investment mechanisms Organization (UNIDO) and joint ventures

The Secretary General, through the Investment Management Service, continued to search for investment opportunities in developing countries during the year under review.

49. In cooperation with the IFSTAD and the Jeddah Chamber of Commerce and Industry, UNIDO contributed to the organization of a seminar on Appraisal and Implementation Management of Industrial Investment Projects.

(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

Implementation of results based management in the International Labour Organization

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

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

(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)

For example, an organization considering a major capital investment might create a temporary working committee of several people to review options and make recommendations to upper management or the Board of Directors.

(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.

Investment cost describes the resources invested in implementing management improvement measures during the reporting year.

II.4 Identification of areas for improvement in organization and management

III.5 Identification of areas for improvement in organization and management

Review of management and administration in the World Intellectual Property Organization

We attach exceptional importance to improving the management of the Organization.

The United Nations urgently requires more efficient management and better organization.

That must be seen as a critical investment in the future of the Organization.

Biennial support budget the budget of an organization covering programme support and management and administration of the organization.