Asset Managers – Page 356
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NAPF hires ex-JPM chief for corporate governance
UK – The National Association of Pension Funds has appointed Geoff Lindey, ex-head of UK institutional investments at JPMorgan Investment Management, as strategic advisor to its corporate governance team.
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New Italian construction fund seeks custodian
ITALY – Prevedi, the new voluntary pension fund for employees in the industrial and building trades, has launched a beauty contest for a custodian and administration services provider.
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Martin Currie hires private equity head
UK – Martin Currie has recruited Paul Murray of Deutsche Capital Partners to head up its private equity team.
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BNP Paribas 2002 profits fall 18%
FRANCE – BNP Paribas has reported an 18% fall in profits for 2002 to 3.295 billion euros from 4.018 billion euros in 2001. Assets under management also fell 6%.
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CDC tops French asset management survey
FRANCE – CDC Ixis Asset Management has been voted the top French asset manager by France’s largest institutional investors, according to a survey conducted by consultants Amadeis.
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New UK pensions consultant Epic spies niche
UK – In the current environment, you might think it would not be advisable to start a new pensions business, but Epic Investment Consulting thinks it’s found a worthwhile niche
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AXA asset management revenues decline 7.2%
FRANCE – AXA Group has reported a 7.2% decline in revenues in 2002 for its asset management businesses, AXA Investment Managers and Alliance Capital.
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Amvescap profits decline by 33% in 2002
US – US-Anglo fund firm Amvescap, the holding company for AIM and Invesco, has reported a 33% fall in pre-tax profit for 2002.
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CDC Ixis Asset Management names France CEO
FRANCE – CDC Ixis Asset Management has reorganised its senior management, and appointed Thierry Dissaux as chief executive officer for France.
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AIMR hosts forum on European investor confidence
EUROPE – The Association for Investment Management Research is to host an online forum on regaining shareholder confidence in the single European market.
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Martin Currie wins e76.3m Skandia equity mandate
UK – Life insurer Skandia has awarded a 50 million pound (76.3 million euro) specialist UK equity mandate to Martin Currie Investment Management.
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State Street “hits ground running” with Deutsche
US/GERMANY – State Street Corp. says it is “hitting the ground running” now that it has completed the “primary closing” of its 1.5 billion dollar acquisition of Deutsche Bank’s securities services business.
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N. Trust to provide custody for new Insight fund
IRELAND – Insight Investment, the asset management arm of HBOS, has launched a sterling liquidity fund with securities services to be provided by Northern Trust.
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Mellon consolidates US fixed income businesses
US – Mellon Financial Corp. is merging three of its 14 institutional asset management businesses to form one of the largest fixed income managers in the US.
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Allianz renames its UK asset management arm
UK – Dresdner RCM Global Investors (UK) Ltd. has been renamed Allianz Dresdner Asset Management (UK) Ltd. with immediate effect.
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Credit Suisse AM revamps European management
EUROPE – Credit Suisse Asset Management Europe has announced its pan-European management structure and executive board members.
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German public bank moves into asset management
GERMANY/IRELAND – DePfa Bank, the German public finance bank, has announced an initiative to branch into asset management with the establishment of an in-house fund aimed at global institutional investors.
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German chemical fund announces investment set-up
GERMANY – Chemie Pensionsfonds, administered by HVB, has announced its initial fund strategy as the first cash flows from December begin to roll in – the fund is now around 10 million euros in size.
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UBS launches new European ETF range
EUROPE – UBS Global Asset Management has launched a series of exchange traded funds (ETFs) aimed at European institutional investors.
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SAM and Monte Paschi in Italian SRI assault
SWITZERLAND/ITALY – Monte Paschi Asset Management and SAM Sustainable Asset Management have established an agreement to work together in an attempt to become the market leader in sustainability investments in Italy.
