All articles by Daniel Brooksbank – Page 116
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DeAM absorbs DB Advisors hedge fund arm
GLOBAL – Deutsche Asset Management is understood to have absorbed DB Advisors, Deutsche Bank’s in-house structured trading business following the resignation of the unit’s head Roger Ehrenberg.
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Russell/Mellon to open Amsterdam office
NETHERLANDS – Institutional information provider Russell/Mellon says it is to open an office in Amsterdam on October 11.
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EU says no single market for asset management
EUROPE – The European Commission has said the single market is “not a reality” for asset management and clearing and settlement.
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AP2 awards eight fixed income mandates
SWEDEN – Andra-AP fonden, the Second Swedish National Pension Fund or AP2, has awarded fixed income mandates to eight external managers.
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Governance firm ISS names global research head
GLOBAL – Corporate governance firm Institutional Shareholder Services has named Randall Hancock as general manager of its global research business unit.
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Pension consultants slam UK’s property policy
UK – The Society of Pension Consultants has said the government is in danger of “shooting itself in the foot” over its plans to ban upward-only reviews of property rents.
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Ontario scheme eyes European private equity
EUROPE – The Ontario-based public pension scheme OMERS says it is in talks about a European private equity investment worth around 160 million euros.
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Ex-Belgian pensions minister joins consultant
BELGIUM – Former Belgian pensions minister Freddy Willockx has joined the new full-service consulting firm Akkermans Stroobants & Partners.
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Hewitt global investment head Fitzpatrick to retire
GLOBAL – Nick Fitzpatrick is to retire as head of global investment consulting at Hewitt Associates and be replaced by former Schroders investment head Nicola Ralston.
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T. Rowe Price revamps London research team
EUROPE – T. Rowe Price has revamped its London-based non-US equity research team with the appointment of former Goldman Sachs research executive Kamran Baig.
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Diageo transfers shares to cut E1.1bn deficit
UK – Drinks firm Diageo has transferred four million shares in US cereal maker General Mills to its UK pension plan to help cut the scheme’s 750 million-pound (1.1 billion-euro) deficit.
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ING IM names new risk management head
NETHERLANDS – Luciano de Almeida has been named as head of risk management at ING Investment Management Europe to replace Remco van Eeuwijk, who has joined Wilshire Associates.
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Aon names Hewitt’s Macro to head DC consulting
UK - Aon Consulting has hired Paul Macro from Hewitt Bacon & Woodrow to head its defined contribution consulting business.
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RBS’s Clerkin to join Medical Research Council
UK – Jim Clerkin, pensions administrator at the Royal Bank of Scotland, is to join the Medical Research Council as pensions manager amid restructuring within RBS.
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UK consults on local government pensions
UK – The government has launched a consultation on the future of local government pensions – saying “affordability and sustainability” are key.
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EFRP economist Ruttens leaves
EUROPE - Christel Ruttens, an economist at the European Federation for Retirement Research, is leaving the EFRP for a role outside the pensions industry.
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Former Nabarro pensions head forms own firm
UK – John Quarrell, former head of pensions, insurance and financial services at law firm Nabarro Nathanson, has set up his own firm specialising in pensions.
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Swedish pension chiefs working with Atlas
SWEDEN – Top executives in the Swedish pension industry are working with industrial group Atlas Copco on putting together a proposed board of directors.
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Railpen’s Gray laments DB "destruction"
UK – Malcolm Gray, the recently-retired former finance director of the UK’s 14 billion-pound (20.3 billion-euro) Railways Pension Trustee Co., has expressed his regret about the closure of defined benefit schemes in the UK.
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Norway’s DNV buys CoreRatings
EUROPE – Corporate responsibility rating agency CoreRatings has been bought by Norwegian foundation Det Norske Veritas.
