Asset Managers – Page 382
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News
Dexia launches multi compartment ASSEP
LUXEMBOURG- Dexia Insurance & Pension Services (DIPS) has launched a multi-compartment ASSEP, Dexia Pension Fund, to provide supplementary pension for Dexia Group’s 3,000 Luxembourg-based employees.
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Russell brings multi management to Swiss market
SWITZERLAND – Multi-manager Frank Russell has opened an office in Geneva as part of its European growth strategy.
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Den norske to buy Skandia AM for e350m
NORWAY/SWEDEN- Norway’s largest financial services group Den norske bank is buying Skandia Insurance’s investment management outfit Skandia Asset Management (SAM) for Sek3.2bn (e350m). Skandia manages SEK280bn meaning Den norske’s assets under management will more than triple to Sek400bn following the deal.
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German savings bank launches pensions providers
GERMANY – The German public savings bank network, the Deutsche Sparkassen- und Giroverband (DSGV) and its fund management arm, DGZ DekaBank, has formally established three new retirement provision companies with the German public insurers’ association.
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GSAM launches five new pooled funds
UK – Goldman Sachs Asset Management (GSAM), with £40.3bn (€65bn) under management, has launched five new funds aimed primarily at the UK’s medium and small sized institutional pensions market.
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Forsyth launches its first fixed income fund
UK – London based research and investment management company, Forsyth Partners, has launched a new fixed income fund, the Forsyth Global Bond fund.
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Euro to have significant effect on property market
EUROPE – The introduction of the physical euro will have a significant symbolic impact on investor confidence in the European real estate market, suggests Lasalle Investment Management’s (Lasalle IM) latest ‘Investment Strategy Annual’ report....
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Dexia fuses Labouchere and Kempen arms
NETHERLANDS/BELGIUM – Securities specialist bank, Bank Labouchere and asset management group, Kempen & Co, both based in Amsterdam and part of the Brussels based Dexia group, have merged to form Dexia Bank Nederland....
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ING enters Greek life and pensions market
NETHERLANDS/GREECE – Dutch financial group, ING, has entered into a strategic alliance with Athens based Greek retail banking group, Piraeus Bank, allowing ING to become a “prominent” player in the Greek bancassurance market and extending into the fields of employee benefits and pensions....
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CSAM CEO Colebatch to resign in 2002
SWITZERLAND - Phillip Colebatch, the chief executive officer of Credit Suisse Asset Management (CSAM), is to retire during the first quarter of 2002 after 17 years with the group.....
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PGGM outsources systems construction
NETHERLANDS – PGGM, the e50bn Dutch pension fund for workers in the healthcare and social sector, has outsourced the construction of its internal asset management operating systems to the European arm of US firm Financial Models Company (FMC)....
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Wuffli replaces Arnold after shock UBS sacking
SWITZERLAND – Swiss international banking group, UBS, has announced several top level group board changes, with Peter Wuffli, former chief executive officer (CEO) of UBS Asset Management taking over as president of the group executive board....
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Antici to head Goldman's emerging markets team
UK - Gabriella Antici is to relocate from Brazil to London in the New Year to become head of the global emerging market equity team at Goldman Sachs Asset Management...
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SFIM triumphs in Swedish pan-European equity RFP
SWEDEN – Singer & Friedlander Investment Management (SFIM) has won the mandate to run a pan-European equity portfolio for Procordias Pensionsstiftelse II....
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Parsons to head up EFG AM global marketing push
UK – EFG Asset Management, part of the global EFG banking group, has hired John Parsons, a former sales director for Barclays International Funds, to become its marketing director....
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Rothschild engineers £56m FKI bond brief
UK - Rothschild Asset Management (RAM) has been appointed by the trustees of the FKI Group Pension Scheme to manage the fund’s £56m bond exposure....
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BFr8bn Flanders tender reaches second phase
BELGIUM – The selection process to appoint asset managers for the BFr8bn (€2bn) Flanders healthcare fund has entered its second phase, though no final announcement is expected before next spring, says Edwin De Boeck, managing director of KBC Asset Management in Brussels....
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Nordea forms new asset management division
DENMARK – Copenhagen based financial group, Nordea, has formed a new asset management and life assurance business, Nordea Asset Management & Life, which itself will be subdivided into six business units....
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Zurich grooms replacement for CFO Gose
Zurich Financial Services Group has promoted Thomas Buess, currently CFO Zurich North America, to become deputy chief financial officer with a view to replacing Gunter Gose as the group’s CFO on his retirement in mid 2002....
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NAPF and Deminor in European governance venture
UK - The UK National Association of Pension Funds’ (NAPF) Voting Issues Service (VIS) and corporate governance research and ratings advisor, Deminor Rating, have joined forces to offer coverage of major European companies in 16 countries....
