Asset Managers – Page 313
-
News
Sweden's AP1 hires head of external management
SWEDEN- The 140 billion crowns (15.2 billion euros) buffer fund AP Foersta Fonden, the First Swedish National Pension Fund, has appointed SEB Asset Management’s Rikard Kjoerling to the new position of head of external management.
-
News
Industry round table calls for lead supervisor
BELGIUM - A group of Europe's leading banking and insurance companies is calling on the European Commission to advance pan-European co-operation between national asset management regulators, by establishing a lead supervisor that would act as a single point of contact for all reporting schemes.
-
News
BA funds to mull opening to external funds
UK - The £9bn (€13.6bn) internally-managed British Airways pension schemes are considering whether to open to third parties, and Hermes Pensions Management has said it would look at investing in them if this happened.
-
News
IFC backs Raiffeisen growth with €200m
AUSTRIA - The International Finance Corporation, the private sector financing arm of the World Bank, has provided Raiffeisen Zentralbank Osterreich (RZB) with €200m to support its growth in central and eastern Europe.
-
News
Credit Suisse appoints Tochtermann
SWITZERLAND - Credit Suisse Asset Management (CSAM) has appointed Daniel Tochtermann as director and head of international real estate products targeting Swiss institutional investors.
-
News
Petroleum Fund chief explains pay structure
NORWAY – The head of the 915.3 billion-crown (110 billion-euro) Petroleum Fund has outlined how the scheme’s employees who manage investment mandates are compensated – and signalled a move to more external managers.
-
News
Mellon buys hedge fund firm Evaluation
US – Mellon Financial Corp. has bought hedge fund firm Evaluation Associates Capital Markets for an undisclosed sum.
-
News
King & Shaxson says it hires Pilkington’s Wilson
UK - King & Shaxson Asset Management says it has hired Andrew Wilson from the Pilkington pension scheme.
-
News
Aviva cuts 700 life business jobs
UK – Aviva’s Norwich Union arm is to cut 700 jobs in its life business services division in a bid to cut costs and improve flexibility.
-
News
Philips pension arm Schootse Poort changes name
NETHERLANDS – Schootse Poort, the manager of Koninklijke Philips Electronics’ 12.5 billion euros in pension assets, has changed its name to Philips Pensions Competence Center.
-
News
Dutch pre-pension move seen fostering fairness
NETHERLANDS – The ending of the Netherlands’ pre-pension system will foster actuarial fairness, the International Monetary Fund says.
-
News
UK’s IMA rues failure to set up pan-Europe body
EUROPE – The chairman of the Investment Management Association, Lindsay Tomlinson, has expressed regret over the failure to set up a pan-European asset management body.
-
News
Schroders names head of multi-asset solutions
UK - Schroders plc has named Curt Custard as head of multi-asset solutions, a new role.
-
News
IPE-QUEST: Insurer tenders Chinese equities
EUROPE – A Continental European insurance company has tendered a 200 million-dollar active Chinese equities mandate via IPE-Quest.
-
News
Credit Agricole Swiss relationship manager leaves
FRANCE - Credit Agricole Asset Management’s client relationship manager for Switzerland, Alain Barthel, is to join Morgan Stanley.
-
News
F&C names head of new business services
EUROPE – F&C Management has named Alison McKnight as group head of new business services, a new role.
-
News
Cerulli says asset managers hiring again
GLOBAL – Cerulli Associates says asset managers are starting to recruit again – though they are being “more strategic” in their choice of staff.
-
News
Merrill: asset management business “important”
GLOBAL – Merrill Lynch has responded to press reports that it is planning to sell its Merrill Lynch Investment Managers arm with a statement that it sees asset management is an important business.
-
News
Bank of Ireland asset mgmt chief named CEO
IRELAND - The chief executive of the Bank of Ireland’s Asset Management Services arm, Brian Goggin, has been named group chief executive after Mike Soden resigned last week.
-
News
Merrill declines comment on NY Times report
GLOBAL – Merrill Lynch has declined to comment on a story in the New York Times saying it is “exploring the possibility” of selling a large stake in its investment management business.
