Asset Managers – Page 347
-
News
UK’s Railpen taps Mellon for accounting services
UK – The investment arm of the UK Railways Pension Trustee Company, Railpen Investments, has appointed Mellon European Fund Services to provide investment accounting services.
-
News
Beckers quits role at WestAM
EUROPE – Stan Beckers, global head of investments for WestLB Asset Management, has left the company.
-
News
CSAM adds to UK institutional market team
UK – Credit Suisse Asset Management has added to its headcount in its UK institutional marketing team, with the appointment of Edward Jones.
-
News
Top staff leave as e628m Dutch fund closes
NETHERLANDS – Senior staff at Rijswijk-based building group HBG’s pension fund will next month leave for new jobs in the Dutch pensions industry.
-
News
MLIM’s global revenues fall 20%
US - Merrill Lynch Investment Managers says its worldwide revenues declined by a net 20% in 2002 – although the unit’s top executive says it is poised for profitable growth.
-
News
Report calls for removal of EU clearing barriers
BELGIUM – A European Commission-backed report has called for the “concerted removal” of barriers to clearing and settlement in the European Union.
-
News
Economy blamed for low Riester take-up
GERMANY – An independent think-tank has blamed the slow take-up of Germany’s private pensions products, Riester-Rente, on the weak economic situation and the products’ lack of simplicity.
-
News
State Street says GSS revenue set to fall
US - Revenue at State Street Corp.'s Global Securities Services division, which it recently bought from Deutsche Bank, is set to fall by 124 million dollars this year as the company posts “disappointing” first-quarter earnings.
-
News
UBS is top Luxembourg fund manager
LUXEMBOURG – Swiss bank UBS is the largest manager of Luxembourg-based funds with total net assets of 93.2 billion dollars, according to new research.
-
News
E1.13bn Dundee taps Goldman, Alliance Bernstein
UK – The Dundee City Tayside Superannuation fund has appointed Goldman Sachs Asset Management and Alliance Bernstein for its 775 million pound (1.13 billion euro) fund.
-
News
Hackney appoints specialists for e509m scheme
UK – The London Borough of Hackney pension fund has announced the appointment of a series of specialist managers for its 350 million pound (509 million euro) scheme.
-
News
Northern Trust reviews business as earnings fall
US – Securities services provider Northern Trust says it is undergoing an “intensive review” of its business and operations following a sharp decline in quarterly earnings.
-
News
UK managed assets total e2.8trn - IMA
UK – Assets managed in the UK as of end of June 2002 were 1.93 trillion pounds (2.8 trillion euros) according to the latest fund manager survey by the Investment Management Association.
-
News
Switzerland’s Valais suspends pension manager
SWITZERLAND – The council of the Swiss canton of Valais has suspended the president of the investment committee for the Valais pension fund for teachers with immediate effect due to “irregularities”.
-
News
Henderson names Fraser to deal with consultants
UK – Henderson Global Investors is focusing on its relationship with investment consultants, and has appointed Andrew Fraser to head up the new strategy.
-
News
Ten thousand sign up for new Bosch pension
GERMANY – Ten thousand employees have signed up for the supplementary pension of German engineering company and appliance maker Robert Bosch.
-
News
Close names asset management CEO
UK – Close Brothers’ asset management arm, Close Investments, has appointed Jonathan Sieff as its new chief executive.
-
News
Edinburgh loses British Coal small-cap mandate
UK – Edinburgh Fund Managers and Fidelity Investments have lost their UK small-cap mandates for the 19 billion pound (27.6 billion euro) British Coal Pension Schemes.
-
News
AXA CFO may head French insurance body
FRANCE – AXA Group’s chief financial officer, Gerard de La Martiniere, may have to step down if he is elected as president of the French insurance industry group, FFSA.
-
News
Asset managers concerned over UK proposals
UK – The European Asset Management Association and the UK’s Investment Management Association have expressed concerns about regulations proposed by the UK Financial Services Authority on ‘bundling’ and ‘softing’.
