Asset Managers – Page 267
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KPMG names investment management head
UK – KPMG partner Tom Brown has been appointed as the firm’s UK head of investment management and funds.
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Germany’s BVV fund names Aden to board
GERMANY – BVV, a €17.7bn pension fund for the German financial services industry, has appointed Helmut Aden to replace Christoph von Langsdorff on its two-member board.
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F&C’s CFO Paterson Brown to leave
UK – Ian Paterson Brown is to step down as chief financial officer F&C Asset Management by “mutual agreement”.
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Commerzbank names asset management COO
EUROPE – Commerzbank has named Andreas Krebs as chief operating officer for its newly created international asset management division.
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ING, UBS, others form US retirement association
US – ING, UBS and Aviva are among a group of 22 companies that have formed the new Retirement Income Industry Association, or RIIA, to focus on the challenges as the ‘baby boomer’ generation begins to retire.
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Cerulli international chief Phillips moves on
GLOBAL – Benjamin Phillips, international managing director of research and consulting firm Cerulli Associates, has left to join Putnam Lovell NBF Securities’ financial institutions group.
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NAPF governance advisor Lindey to leave
UK - Geoff Lindey, strategic advisor on corporate governance at the National Association of Pension Funds, is to leave.
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PGGM names Overmeer to investment board
NETHERLANDS – Dutch health care sector pension fund PGGM has named Jan Overmeer to its three-strong investment board committee.
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ATP axes F&C from emerging markets brief
DENMARK – F&C Asset Management has been axed from managing a DKK1.3bn (€174m) emerging market equity mandate by Danish pension fund giant ATP.
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HSBC wins €30.6bn L&G mandate
UK – HSBC Securities Services has been awarded a £21bn (€30.6bn) custody mandate by Legal & General to manage its Eurobond portfolio.
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Suomi offloads Pohjola shares
FINLAND - Suomi Mutual Life and Ilmarinen Mutual Pension Insurance have completed the sale of their stake in the Pohjola Group to OKO Bank.
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ABN AMRO boosts hedge funds business with IAM buy
UK - ABN AMRO is buying the fund of hedge funds manager International Asset Management (IAM) in order to strengthen its own fund of hedge funds offerings.
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AXA IM Paris chief joins Robeco
FRANCE – AXA Investment Managers Paris chief executive, Jean-Louis Laurens, has been appointed head of Robeco France from 1 February 2006.
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Dannheisig said to be leaving BHW Invest
GERMANY – BHW Invest, a Frankfurt-based institutional fund administrator, has declined comment on persistent market rumours that Hans-Jürgen Dannheisig, its managing director, is to leave the company.
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Deutsche dropped from EAI top researcher list
GLOBAL – Deutsche Bank failed to make the cut in the latest Enhanced Analytics Initiative (EAI) list of top research providers on extra-financial issues (EFI) and intangibles between May 2005 and December 2005.
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State Street’s 2005 revenues grow 10% to $5.5bn
US - Investment services group State Street Corporation has reported a 10% increase in 2005 revenues up to $5.5bn(E4.54bn) from $5bn for the previous year.
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Awareness campaign launched on new securities
EUROPE - Four European institutions have launched an awareness campaign to prepare issuers and their agents for a new legal and holding structure for international debt securities, which will be launched from the end of June.
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Rauser Towers Perrin advises DZ Bank
GERMANY – Consulting firm Rauser Towers Perrin is advising Germany’s DZ Bank on the construction of an external fund, known as a contractual trust arrangement (CTA), for €1bn in pension liabilities, industry sources say.
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JP Morgan shuts German master fund
GERMANY – US bank JP Morgan has confirmed that it is closing down its German ‘master fund’ business more than three years after launching it.
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Goldmans launching 35 new UCITS III funds
UK/LUXEMBOURG – Thirty-five new investment funds have been announced by Goldman Sachs Asset Management (GSAM). Fourteen of the funds will be launched in the next three months, with the rest “subject to client demand”.
