Asset Managers – Page 332
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Gartmore hires Merrill’s Beazley for alternatives
UK – Gartmore Investment Management has appointed Charles Beazley as head of institutional and alternative investments.
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BNP Paribas sees asset management rebound
FRANCE – BNP Paribas has reported third quarter net operating income rose 34.4% and amid a continued rebound for its asset management and services businesses.
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CSAM sees E3.5bn institutional outflow
GLOBAL – Credit Suisse Asset Management saw an outflow of four billion dollars (3.5 billion euros), mostly from institutional clients, in the third quarter of this year.
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Sweden’s Alecta names equities chief
SWEDEN – Occupational pension fund manager Alecta has hired Nordea’s Peter van Berlekom as its new head of equities.
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West Sussex taps State Street for custody
UK – The 749 million-pound (1.1 billion-euro) West Sussex Pension Fund has appointed State Street as custodian and re-appointed Cushman & Wakefield Healey & Baker as property manager.
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Northern Trust names transition mgmt director
EUROPE – Northern Trust Global Investments (NTGI) in London has bolstered its position in transition management with the appointment of Kevin Hardy as European head.
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Nordea sees surge in Finnish assets
NORDIC – Nordea’s assets under management increased 5% in the third quarter, predominantly driven by growing business in the Finnish market.
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Gartmore buys Govett in 21m euro deal
UK – Gartmore Investment Management is to acquire Govett Investments Limited and its one billion pounds (1,464 billion euros) of assets under management.
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Putnam Investments’ chief executive Lasser to leave
GLOBAL – Marsh & McLennan Companies has replaced Lawrence Lasser as chief executive of its Putnam Investments arm amid a regulatory investigation into the firm’s trading practices.
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Bank of Ireland boosts UK institutional team
UK – Bank of Ireland Asset Management UK has expanded its client services team with the appointment of Alice O’ Dowd.
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Top pension funds quiz firms on emissions
GLOBAL – Eighty-seven of the world’s leading institutional investors and pension funds have written to 500 companies asking for the disclosure of information regarding their greenhouse emissions.
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Morley hires Aberdeen’s Garrett-Cox as CIO
UK – Morley Fund Management has named Katherine Garrett-Cox to succeed chief investment officer Gerry Holtham.
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KAS Bank names successor to chairman
NETHERLANDS – Dutch custody services group KAS Bank has named Peter Goebel to succeed chairman F.S. von Balluseck.
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Hibernian passes some asset management to London
IRELAND - Hibernian Investment Managers, (HIM) one of the five largest asset managers in Ireland, has split its fund management business between Ireland and the UK.
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ABN Amro's asset management Q3 revenues up
NETHERLANDS – ABN Amro Asset Management has announced its third quarter results with a 4.2% increase in revenues.
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Julius Baer’s London CEO Christian Yates departs
UK - Christian Yates, the chief executive of the London operations of Swiss asset manager Julius Baer has left the company.
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CSAM names Nordic sales vice president
EUROPE - Credit Suisse Asset Management has named a new vice president of Nordic sales.
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Deutsche Bank sees growth at asset arm
GERMANY – Deutsche Bank says its private client and asset management arm, which includes Deutsche Asset Management, is seeing profitable growth.
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Directive to benefit multinationals and largest asset managers - report
EUROPE – The EU pensions directive will greatly benefit multinationals, and open up opportunities to asset managers, says business information company, Datamonitor.
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Swiss pension funds see asset rise in third quarter
SWITZERLAND - Swiss pension funds, with 400 billion Swiss francs (258 billion euro) under management, reported a SFr 4bn rise in assets during the third quarter of 2003.
