All articles by Daniel Brooksbank – Page 119
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UK ombudsman seeks pensions investigator
UK - The Pensions Ombudsman, which investigates and decides complaints and disputes about the way pension schemes are run, is looking for self-employed pensions investigators.
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IBM UK scheme members concerned
UK – A group representing members of IBM’s UK pension schemes says it is “reasonable” for members to be concerned about the schemes’ outlook.
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One-year countdown starts for IORP directive
EUROPE – The European Union’s directive on pan-European occupational pensions comes into force in one year’s time.
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Ex-Bank of NY Europe chief joins Deutsche Börse
EUROPE – Jeffrey Tessler, former general manager of Europe at the Bank of New York, is to join Deutsche Börse as head of its Clearstream International custody arm.
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FTSE launches tradable ‘supersector’ indices
EUROPE - New tradable ‘supersector’ indices have been launched and added to the FTSEurofirst Index Series. These will enable investors to trade a range of 18 sectors across Europe on a real-time basis.
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Deutsche names Parker head of asset management
GLOBAL – Deutsche Bank has named Kevin Parker as the member of its executive committee with responsibility for asset management, replacing Tom Hughes.
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AP1 seeks strategic partners for private equity
SWEDEN - Första AP-fonden, the First Swedish National Pension Fund, is seeking “strategic partners” for around 400 million dollars (326.5 million euros) in private equity.
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S&P hires FTSE’s Davies for Europe role
EUROPE - Standard & Poor's Index Services says it has hired FTSE Group’s head of relationship management in Europe, John Davies, to the role of director of market development for Europe.
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Morgan Stanley adds E36.7bn institutional assets
GLOBAL – Morgan Stanley’s investment management arm has gained 45 billion dollars (36.7 billion euros) in institutional assets under management in the past year, the firm said in its third-quarter earnings report.
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Robeco names Vriezen’s replacements
NETHERLANDS – Robeco, the asset management arm of Rabobank, has named Edith Siermann and Mark van der Kroft to replace chief investment officer Marnix Vreizen, who resigned last week.
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Dutch government warns ageing to test solidarity
NETHERLANDS – The Dutch government has warned that ageing society will put the Netherlands’ traditional solidarity “to the test”.
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Goldman Sachs AM gains E8.9bn in AUM
GLOBAL – Assets under management at Goldman Sachs’ asset management arm rose 11 billion dollars (8.9 billion euros) in the third quarter – largely reflecting inflows into alternative investments, money markets and fixed income.
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Global pension funds eye bonds - Watson’s Urwin
GLOBAL – Roger Urwin, global head of investment consulting at Watson Wyatt, says more pension funds globally are now more inclined to consider diversifying into bonds and alternative assets.
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Ex-Citigroup retail exec named as Fortis CEO
EUROPE – Fortis has named a former top retail executive at Citigroup, Jean-Paul Votron, to replace Anton van Rossum as chief executive.
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Nordea names German institutional sales head
GERMANY - Nordea Investment Management says it has named Jan Albers as director of institutional sales for Germany.
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Jobs safe as State Street exits German KAG biz
GERMANY - State Street Global Advisors is to exit the German KAG investment trust business, citing regulatory changes, to focus on asset management.
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EU’s McCreevy eyes asset management legislation
EUROPE – Charlie McCreevy, the European Commission’s incoming internal markets chief, says “targeted legislative action” in asset management and other areas may be appropriate.
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Kodak pension scheme gets property boost
UK – The one-billion-pound (1.46 billion-euro) Kodak Ltd. Pension Plan has seen the real-estate assets in its joint venture with property firm Halladale almost double in a year, according to company documents.
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UK told pensions compulsion not the answer
UK – The UK government has been told by left-of-centre think tank the Fabian Society that compulsion is not the answer to the current problems in the pensions industry.
