Asset Managers – Page 390
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AXA pulls in former UBS chief to head up equities
UK/Global - AXA Investment Managers (AXA IM) has lured Richard Semark from UBS Asset Management to become its London-based global head of equity trading, with effect from November 1....
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Mellon to buy web-based investment solutions firm
US – Mellon Financial Corporation and Eagle Investment Systems have signed an agreement whereby Mellon will acquire Eagle, a privately held developer of web-based investment management software solutions....
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GE poaches Schroders director in Europe push
UK/EUROPE - GE Asset Management has poached Schroders director of international and Scandinavian business, John Simpson, in a bid to expand its European institutional operations....
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Reuters appoints head of asset management branch
UK/US – Reuters has named the executives who will head its four customer segments, following the announcement in June that it was to split its operations into four principal areas: asset management, investment banking and brokerage, corporates and media, and treasury.....
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Gartmore gets green light for SICAV in Ireland
LUXEMBOURG/IRELAND – Gartmore Investment Management’s Luxembourg domiciled SICAV range of funds has gained registration from the Irish authorities to begin marketing in Ireland....
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Swiss banker becomes AIMR chairman
SWITZERLAND/US - Philippe Sarasin, managing partner with international investment bank Lombard Odier & Cie in Geneva, Switzerland, has been elected chair of the board of governors of the 50,000-member Association for Investment Management and Research (AIMR).....
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CSAM appoints European equity research head
Credit Suisse Asset Management (CSAM) has appointed Ella Brown to the position of London head of European equity research....
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ABP appoints Achmea director as CIO for equities
NETHERLANDS - Jan Straatman, the former director of asset management (CIO) at Achmea Global Investors has been appointed as chief investment officer for equities with ABP Investments in Amsterdam, the investment arm of the e150bn Dutch pension fund....
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Friends First Asset Management fuses with F&C
IRELAND – European asset management group F&C is to integrate the money management business of Irish financial group Friends First into its own operations, in a further bid to consolidate the investment management strands of its insurance firm parent Eureko, which bought F&C in May this year.....
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UCW Pensions selects Rothschild for fund assets
UK – The £32m (e52m) UCW Pensions 2001 scheme, which provides pension benefits to sections of the employees and former employees of the Communication Workers Union, has selected Rothschild Asset Management (RAM) to manage a multi-asset mandate for its entire assets....
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Baring produces 'plain English' trustee guide
UK – Baring Asset Management (BAM) has put together a guide on investment management for pension trustees that seeks to cut through the jargon of the asset management world....
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Swedish multinationals club together for DC plan
SWEDEN - A group of multinational firms in Sweden is clubbing together under a collective defined contribution (DC) pension plan in a bid to bundle administration and asset management and to eliminate brokerage commissions....
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Schroders CEO quits as profits slump
UK - David Salisbury, the chief executive of UK investment management group Schroders has quit the firm, following the publication of half-year figures for the group that showed underlying profits down to £74.2 million (e118m) – 7.4% lower than the £80.1 million in profits earned by the same point last ...
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Deutsche lures equity specialist from Dresdner
UK/US - Deutsche Asset Management (DeAM) has hired Steven Laughton from Dresdner RCM in San Francisco as a global equity portfolio manager, in a bid to strengthen the firms global equity capabilities....
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Danske outsources high yield fund to ING
NETHERLANDS/DENMARK – Danske Capital, the asset management arm of Danske Bank, has appointed ING Investment Management to manage its e200m global high yield fund....
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Britannic buys Blairlogie Capital Management
UK – Glasgow-based Britannic Asset Management (BAM) is to buy Blairlogie Capital Management from its current owner ABN AMRO Asset Management for an undisclosed sum....
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ABP elects Brinkman as new chairman
NETHERLANDS – The Heerlen based e150bn ABP pension fund has elected Elco Brinkman to become the new chairman of the ABP Council from September 1....
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ABP appoints US quant manager to large cap brief
NETHERLANDS – The e150bn Heerlen based ABP pension fund has appointed US equity quant manager Advanced Investment Technologies (AIT) to manage a large cap core equities portfolio....
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Mercer poaches Phillips & Drew executive
UK/EUROPE - Piers Bertlin has been appointed as a senior investment Consultant and European Partner with William M. Mercer in London, in a move from UK investment manager Phillips & Drew.....
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JPMorgan Fleming merges life companies
UK - JPMorgan Fleming Asset Management is to merge its two heritage life companies by October in a bid to open up its pooled fund range for the UK pensions market.
