Asset Managers – Page 305
-
News
Morgan Stanley adds E36.7bn institutional assets
GLOBAL – Morgan Stanley’s investment management arm has gained 45 billion dollars (36.7 billion euros) in institutional assets under management in the past year, the firm said in its third-quarter earnings report.
-
News
Robeco names Vriezen’s replacements
NETHERLANDS – Robeco, the asset management arm of Rabobank, has named Edith Siermann and Mark van der Kroft to replace chief investment officer Marnix Vreizen, who resigned last week.
-
News
Goldman Sachs AM gains E8.9bn in AUM
GLOBAL – Assets under management at Goldman Sachs’ asset management arm rose 11 billion dollars (8.9 billion euros) in the third quarter – largely reflecting inflows into alternative investments, money markets and fixed income.
-
News
Lucenti, Swissca slam Swiss pension rate rise
SWITZERLAND – Switzerland’s decision to raise the minimum guaranteed interest rate for pensions from 2.25% has come in for criticism in new reports from Lucenti and Swissca.
-
News
State Street loses as Folksam changes custodian
SWEDEN - State Street, SEB Securities Services and Foreningssparbanken have lost custody mandates with Folksam Insurance.
-
News
Nordea names German institutional sales head
GERMANY - Nordea Investment Management says it has named Jan Albers as director of institutional sales for Germany.
-
News
Jobs safe as State Street exits German KAG biz
GERMANY - State Street Global Advisors is to exit the German KAG investment trust business, citing regulatory changes, to focus on asset management.
-
News
EU’s McCreevy eyes asset management legislation
EUROPE – Charlie McCreevy, the European Commission’s incoming internal markets chief, says “targeted legislative action” in asset management and other areas may be appropriate.
-
News
Kodak pension scheme gets property boost
UK – The one-billion-pound (1.46 billion-euro) Kodak Ltd. Pension Plan has seen the real-estate assets in its joint venture with property firm Halladale almost double in a year, according to company documents.
-
News
Citigroup loses AP1 custody to ABN Amro Mellon
SWEDEN - Första AP-Fonden, the First Swedish National Pension Fund or AP1, has awarded a 148 billion-crown (16 billion-euro) global custody brief to ABN Amro Mellon, resulting in a loss for Citigroup, which had held the mandate for 10 years.
-
News
Deutsche names European real estate research head
EUROPE – Deutsche Bank’s real estate arm has named Peter Hobbs as head of European real estate research.
-
News
This week’s UK pension fund disclosures
UK – The following are UK pension funds’ holdings in companies that have been disclosed this week under the Financial Services Authority’s stock market listing rules.
-
News
Robeco seeking CIO as Vriezen quits
NETHERLANDS – Marnix Vriezen, chief investment officer of Robeco for just over a year, has left the company amid a management shakeout by new chief executive George Möller.
-
News
Aegon denies Fortis pension outsourcing claim
NETHERLANDS – Aegon Nederland has denied a claim by Fortis Investments that it has opted for the latter’s products as part of a pensions outsourcing move.
-
News
ADAM opens institutional office in Zurich
SWITZERLAND - Allianz Dresdner Asset Management says it has opened an office in Zurich focused on institutional clients – saying a “dynamic change” is happening in the market.
-
News
Hewitt and Watson hire from Aon and ISIS
UK – Hewitt Bacon & Woodrow and Watson Wyatt LLP have both made senior appointments in the UK, hiring from Aon Consulting and ISIS Asset Management respectively.
-
News
INTERVIEW: UniCredito CEO on Italian pensions
ITALY - Alessandro Profumo, the chief executive of Italian bank UniCredito Italiano Group, has outlined to IPE in an interview the way forward for Italian occupational pensions.
-
News
Hermes, DeAM officials join UK accounting board
UK – Tony Good, the former head of investment research at Norwich Union Investment Management who is now with Hermes, has joined the UK’s accounting standard Board – along with Peter Westlake of Deutsche Asset Management.
-
News
NAPF sees “no evidence” of short-termism
UK – The head of the National Association of Pension Funds says there is “no evidence” that asset managers are fired for poor short-term performance.
-
News
Molenaar to head Robeco Asset Management
NETHERLANDS – Robeco has named Niek Molenaar as head of Robeco Asset Management as part of a revamp that has left marketing head Hans van der Koogh ousted from the firm’s top level.
