Advisers – Page 130
-
News
DeAM names new pensions head as Mössle leaves
GERMANY – Deutsche Asset Management has named Nikolaus Schmidt-Narischkin as the new head of corporate pensions following Klaus Mössle's departure for Fidelity Investments.
-
News
Monarch taps Northern Trust for E90m
UK - Northern Trust is to manage a 60 million-pound (89.9 million-euro) manager-of-managers equities brief for the Monarch Airlines Ltd. Retirement Benefits Plan in the UK.
-
News
UK acts to stop firms “dumping” liabilities
UK – The government has acted to deter companies from “dumping” their pension obligations onto the planned Pension Protection Fund with new clauses introduced into the pensions bill.
-
News
LGIM wins E8.1bn in new institutional business
UK – Legal & General Investment Management won 5.4 billion pounds (8.1 billion euros) of new institutional business in the first quarter of 2004, a 93% increase on the same quarter a year ago.
-
News
ECB’s own pension fund assets miss liabilities
EUROPE – The assets of the European Central Bank’s pension fund are less than its liabilities, according to the bank’s annual report for 2003.
-
News
German pension fund tenders E60m via IPE-Quest
GERMANY- A German investment consultant has tendered a 60 million-euro segregated advisory mandate on behalf of a German pension fund via IPE-Quest.
-
News
ECB wants fiscal measure to account for pensions
EUROPE – The vice president of the European Central Bank, Lucas Papademos, says pensions spending should be included in the way the sustainability of public finances is measured.
-
News
CERP critical of half-completed Italian reform
ITALY – A top pensions academic, CERP’s Elsa Fornero, has called Italy’s plans on pensions “only half a reform”.
-
News
Call for EU to prove itself on pensions
ITALY - The Greek member of the European Union’s Social Protection Committee, Platon Tinios, says the EU must prove itself on pensions.
-
News
Janus CEO Whiston resigns with $13.7m
GLOBAL – Mark Whiston has resigned as chief executive of Janus Capital and will be succeeded as CEO by Steve Scheid, who remains chairman.
-
News
Loweth steps down as AXA IM UK sales head
UK - Nigel Loweth has stepped down as head of UK institutional sales at AXA Investment Managers to become director for global consultant relations at the firm.
-
News
HSBC Actuaries wins National Counties brief
UK - HSBC Actuaries and Consultants Ltd., says it has been appointed as investment consultants to the National Counties Building Society Pension and Life Assurance Scheme - initially to review investment strategy.
-
News
Nordic institutions say SRI pays – survey
NORDIC – A majority of institutional investors in Sweden, Norway and Denmark say socially responsible investments deliver the same yield as other investments, according to SRI firm GES.
-
News
HooverCandy taps Aon for extra actuarial work
UK – Appliance manufacturer HooverCandy Group has appointed Aon Consulting to provide actuarial services to a further three of its pension schemes.
-
News
Putnam trustees “pleased” with $110m settlement
US – The head of Putnam’s funds trustee board says he is “pleased” with Putnam Investments’ 110 million-dollar market timing settlement with the SEC and the state of Massachusetts.
-
News
Consultant tenders E150m via IPE-Quest
EUROPE – A Zurich-based investment consultant has tendered an active global mid- and small-cap equities brief worth 150 euros via IPE-Quest.
-
News
State Street Ireland hires Goldman’s Nangle
IRELAND – State Street has hired Goldman Sachs Asset Management’s Gavin Nangle to be head of business development in Ireland.
-
News
Putnam says top lawyer Woolverton to retire
US – Putnam Investments says its top lawyer William Woolverton is to retire amid the market timing scandal and be replaced by State Street Research & Management Co.’s Frank McNamara.
-
News
Watson Wyatt hires Citigroup’s Armstrong
UK – Watson Wyatt LLP has hired Citigroup Asset Management’s European marketing director Jane Armstrong as head of marketing for its investment practice, a new role.
-
News
MSCI to buy risk software firm Barra for E675m
GLOBAL - Morgan Stanley is to buy risk management analytics firm Barra for 816.4 million dollars (675.3 million euros) in cash and integrate it with its majority-owned MSCI index business.
