Asset Managers – Page 397
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EAMA says Basel accord could create systemic risk
EUROPE – Extending the capital requirement for operational risk to the asset management businesses of multinational banks could lead to an increase in systemic risk, according to the European Asset Management Association (EAMA) in its response to the Basel Committee’s consultative paper on regulatory capital...
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Mercer expands consultancy business east
CZECH REPUBLIC/TURKEY – Human resource consulting firm, William M. Mercer, has opened new offices in Prague and Istanbul, expanding its presence in central Europe and Turkey to four offices.
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Eureko expands into Greek market
GREECE – The insurance and financial services group Eureko is buying a further 54% stake in leading Greek life insurance and fund management company, Interamerican Hellenic Life Insurance, as part of its European insurance and asset management expansion....
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SRI handbook targets pension fund trustees
UK – A new toolkit for pension fund trustees and fund managers has been published to provide advice on how to improve the impact of pension fund investment on the poorest countries in the world….
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Mellon chief quits to join AXA
Christopher Condron, president and chief operating officer of Pittsburgh based Mellon Financial Corporation, has resigned to join New York based AXA Financial.....and all this week's major people moves...
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DeAM builds Swiss institutional presence
SWITZERLAND – Deutsche Asset Management (DeAM) has appointed Eleonora Rajmann as vice president, institutional sales for its Zurich office, in a move designed to build on the group’s retail focus in the country....
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Baring targets pension fund interest in pooling
Baring Asset Management (BAM) has launched a series of unit linked life funds to complement its existing OEIC range and to help occupational DC and DB schemes interested in investing in pooled funds....
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Dexia bids for Kempen to boost Dutch presence
LUXEMBOURG/NETHERLANDS – Dexia Banque Internationale à Luxembourg (Dexia BIL) has made an approved e1.05bn takeover bid for Amsterdam based mid and small cap specialist investment group Kempen & Co...
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ABP appoints ABN AMRO Mellon for e50bn custody
NETHERLANDS – Europe’s largest pension fund the e150bn Heerlen based ABP scheme for Dutch government and education employees has appointed ABN AMRO Mellon as custodian for around e50bn in European assets....
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Dawson to lead State Street's Scottish operations
UK – Alan Dawson has been appointed vice president of State Street’s client services for its Investment Management Solutions business in Edinburgh....
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State Street bags CHF500m passive SRI brief
SWITZERLAND – The Swiss Federal Social Security Fund (Ausgleichsfonds der Alters -und Hinterlassenenversicherung) has awarded a CHF500m (e326m) passive socially responsible investment (SRI) mandate to State Street Global Advisors (SSGA)...
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DnB in late bid to foil Sampo/Storebrand merger
FINLAND/NORWAY – Den Norske Bank (DnB) made an eleventh hour bid for Norwegian asset manager Storebrand last night (May 20), just before Finnish financial services group Sampo and Storebrand were to hold a press conference promoting a merger between the two, a deal which would create the sixth largest asset ...
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DrKW names new German head of investment banking
GERMANY – Thomas Schwingeler is joining Dresdner Kleinwort Wasserstein’s Frankfurt office in the late summer as managing director of investment banking....
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BAM appoints new UK/Europe asset management head
UK/EUROPE – Baring Asset Management (BAM) has poached Percival Stanion from BNP Paribas Asset Management to become a head of UK and European investment management....
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CAAM launches a new sector neutral European fund
EUROPE - Crédit Agricole Asset Management is launching a new Europen equity research fund, based on the recommendations of its 17 in-house analysts...
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New Star hires Goldsmith for offshore push
Philip Goldsmith has been appointed managing director of London based New Star International Investment Funds, and all other major people moves of the week
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JP Morgan picks up best European custodian award
EUROPE – JP Morgan Investor Services has picked up the award for best overall global custodian in Europe for the second year running in the annual Global Investor custody client satisfaction survey....
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Europe's first Dow Jones blue chip ETF launched
FRANCE – Lyxor Asset Management, a subsidiary of Société Générale Group, today (May 17) issued the first exchange-traded fund (ETF) in Europe based on the Dow Jones Industrial Average....
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French manager launches first hedge fund
FRANCE – Paris based Sinopia Asset Management has launched its first alternative investment product – a long/short bond and money market hedge fund named Alternatime, aimed at institutional investors....
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Serre takes top spot at CCF-SEI Investments
FRANCE - Patrick Serre has been appointed chairman of multi-manager CCF-SEI Investments, the joint venture of HSBC CCF AMG and SEI Investments.....
