Asset Managers – Page 345
-
News
Liechtenstein’s LGT buys Swiss Life’s STG
SWITZERLAND / LIECHTENSTEIN – Financial services company, LGT GROUP, is acquiring fiduciary company STG Treuhandgesellschaft and its subsidiaries from the Swiss Life Group in order to expand, and to strengthen its activities in Switzerland.
-
News
Law Debenture’s finance chief Skeggs leaves
UK – The chief financial officer of trustee services firm Law Debenture, Peter Skeggs, has left abruptly.
-
News
Two German pension consulting firms merge
GERMANY – Consulting firms Heubeck and FJA are merging to exploit opportunities in the German pensions market.
-
News
NAPF in corporate governance joint venture
UK - UK investors will soon have better access to corporate governance analysis and electronic voting as a result of a joint venture between the National Association of Pension Funds and the US-based governance organisation, Institutional Shareholder Services.
-
News
DeAM and Schroders ousted at Oxford council
UK – The 500 million pound (703 million euro) pension scheme of Oxfordshire County Council has replaced Deutsche Asset Management and Schroders with UBS, Baillie Gifford, Alliance Bernstein and Legal & General as part of a move to find better performance.
-
News
ABP, PGGM oppose Telecom Italia-Olivetti merger
EUROPE – Some of Europe’s largest pension funds have backed a call opposing Telecom Italia’s planned merger with Olivetti.
-
News
France: AXA IM hires Dexia’s Pitois
FRANCE – AXA Investment Managers France has appointed Jean Pitois of Dexia Asset Management to head up institutional business development. He will be based in Paris.
-
News
Gartmore Investment Managers cuts 30 jobs
UK – Gartmore Investment Managers has announced that it will be further reducing its headcount with 30 compulsory redundancies.
-
News
MLIM says it’s winning mandates again
UK – Merrill Lynch Investment Managers says it won around half of all the pitches for mandates it made in the first quarter.
-
News
Call for single European asset management market
EUROPE – A single European market in asset management could increase the overall size of a pension by nine percent for the average investor, says the UK’s Investment Management Association.
-
News
Citigroup AM hires Doyle from Allianz Dresdner
UK – Citigroup Asset management has appointed Frank Doyle of Allianz Dresdner Asset Management to head up institutional sale in the UK and Ireland.
-
News
Norway’s KLP ready for new pension proposals
NORWAY – Mutually-owned insurer KLP says it is well placed to benefit from proposed changes in the Norwegian pensions market, but says it will mean hard work and a change in its approach.
-
News
Allianz sees mixed picture on pensions business
GERMANY – Insurance giant Allianz says its corporate pensions business is “very positive” – though its Riester private pension business is showing only moderate growth
-
News
Guinness pension fund appoints Morgan Stanley
IRELAND – The 1.2 billion euro Guinness Ireland group pensions scheme has appointed Morgan Stanley Investment Managers to run an 110 million euro European fixed income mandate.
-
News
UK’s Surrey Council looking for custodian
UK – Surrey county council is looking for a global custodian for its 850 million pound pension fund following Deutsche Bank’s exit from the custody market.
-
News
ISIS Asset Management discloses voting record
UK - ISIS Asset Management has brought out into the open its shareholder voting policy on behalf of its clients.
-
News
ING’s institutional assets under management fall
NETHERLANDS – Institutional assets under management at Dutch banking and insurance group ING have fallen 1.6%.
-
News
Asset managers “need louder voice at Brussels”
EUROPE – The outgoing head of the UK’s asset management trade association says there is a lack of understanding of the industry at the European policy level.
-
News
Cross-border property investing on the rise
GERMANY - Cross-border investing in property by institutions is becoming more popular and investors should be looking at forming a regional rather than a domestic strategy – that’s the message from the IPD property conference in Wiesbaden.
-
News
German pension accounting under review
GERMANY – A new accounting standard is set to have a major impact on the German pension system, says consultancy firm Hoefer.
