Advisers – Page 165
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News
Essex fund seeks managers for e1.5bn
UK – The Essex County Council pension fund is looking for managers for £945m (€1,530m) of its £1.8bn assets, including a passive multi-asset equity and bond mandate worth some £620m and a predominantly UK fixed income mandate worth £140m.
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LPFA takes on independent investment advisor
UK- The £3bn London Pensions Fund Authority (LPFA) has appointed David Rough as an independent investment advisor in response to publication of the Myners report last year. Until recently, Rough was group director of investments at the Legal & General Group and he remains a consultant with L&G Investments. ...
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Punter Southall hires Forest-Jones from Aon
UK – Consulting actuaries firm, Punter Southall has appointed Graham Forest-Jones as group marketing director to its London office. The move follows the recent appointment of Graeme Muir as head of the group’s public sector pensions department.
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JP Morgan's Lowrie joins Newton IM
UK – London-based Newton Investment Management has appointed Audrey Lowrie as a fund manager with responsibility for UK institutional equities and global multi-asset portfolios.
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French warm to Épargne Salariale pensions
FRANCE – The Épargne Salariale market is fast becoming considered a principal source of retirement provision in France, according to the 2nd Baromètre Annuel de la Gestion de l’Épargne Salariale, the annual survey of occupational savings trends by JP Morgan Fleming, Hewitt and Interépargne Banque Populaire.
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Investec adds to London-based institutional team
UK - Investec Asset Management has won three new mandates worth £218m (€355m) and announced two new senior appointments to its London-based institutional marketing team.
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Reform to Italy's closed pensions hits trouble
ITALY - The pensions reform package to the closed pensions market in Italy has run into trouble and is unlikely to be passed, warns Roberto Casanova at Milan-based financial consultants IAMA Consulting. Were the package passed, IAMA predicts assets under management in the closed pension fund industry will grow ...
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Edinburgh fills CIO spot with MLIM's Richards
UK- Edinburgh fund Managers has finally filled its vacant post of chief investment officer with the appointment of Anne Richards from Merrill Lynch Investment Managers (MLIM).
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Hüppi to resign as Zurich Financial Chairman
SWITZERLAND – Rolf Hüppi is to resign as chairman of Zurich-based Zurich Financial Services, following the company’s decision earlier this year to replace him as chief executive officer as a consequence of public criticism that the chairman and CEO of the company should be separate offices.
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ALM study could open up PMI's investment strategy
NETHERLANDS – The giant €12.5bn Dutch metal workers fund, PMI, is undertaking an asset liability study that could open up its investment strategy to include alternatives such as commodities, currency overlay, below investment grade bonds and inflation-linked contracts.
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Frank Russell adds Barry to institutional team
UK – Investment services firm, Frank Russell Company, has appointed Mark Barry as director of client service within its institutional investment services team.
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Pensions regulator appoints Hobman as new CEO
UK- The Occupational Pensions Regulatory Authority (Opra) has appointed Tony Hobman as its new chief executive. He replaces Caroline Instance who has left to become chief executive of the Faculty and the Institute of Actuaries and secretary general of the Institute of Actuaries.
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Franklin Templeton beefs up FTI Institutional
UK- Franklin Templeton Investments is expanding FTI Institutional, its London-based marketing and client servicing division, with four new appointments. Peter Escott has been moved from manager of international marketing services to manager of UK Institutional Sales. Escott is tasked with building consultant and market awareness of Templeton’s global equity exempt ...
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Mercer IC prepares to re-open Stockholm office
UK/NORDIC- Mercer Investment Consulting has appointed Hanne Hother as a senior investment consultant for the Nordic region. Based in London, she will develop the investment consulting services in Sweden, Denmark, Norway and Finland.
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DC not necessarily cheaper than DB says Aon
UK – Switching from defined benefit to defined contribution can be a costly exercise if companies don’t weigh up the pros and cons properly, warns Paul McGlone, a principal and actuary at Aon Consulting in London. The news comes at a time when many companies are closing their DB schemes ...
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Powys seeks investment managers for £80m
UK – The £160m (€260.7m) Powys County Council pension fund in Wales is looking for asset managers for a £48m active fixed income mandate and two £16m active equity mandates. John McNeil, head of finance at the fund, says the RFP has come about because the fund grew unhappy with ...
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Gissings loses investment consulting head to SBJ
UK- Steve Barker has left his job as head of investment consulting at Gissings after just a year to take up the same role at SBJ Consultants in London. Barker, who has a background in investment consulting and fixed income management, will report to the chairman Peter Gray.
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Clemeur replaces Brasseur at Belgian association
BELGIUM – The Belgian Association of Pension Funds in Brussels has appointed Hugo Clemeur as general secretary, replacing Leon Brasseur, who decided last week to leave the association to concentrate on developing his career directly within the pensions industry.
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VGZ picks GSAM for e1bn fiduciary role
NETHERLANDS- Zorgverzekeraar VGZ, one of the largest specialised health insurers in the Netherlands, has appointed Goldman Sachs Asset Management as fiduciary manager for its entire investment portfolio worth almost e1bn. VGZ remains responsible for dictating the strategic investment policy but as fiduciary manager, Goldman Sachs will look after asset ...
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Polish pensions and insurance regulators merge
POLAND- Poland has merged its pensions and insurance regulators to create a “one-stop” financial services supervisor.
