All articles by Daniel Brooksbank – Page 164
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Janus hires former Citigroup AM exec Paitchel
GLOBAL – Janus Capital has hired former Citigroup Asset Management executive Jill Paitchel as president of its global arm, Janus International.
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ECB’s Issing says more needed on pension reform
EUROPE – The chief economist of the European Central Bank, Otmar Issing, says that much remains to be done if European pension systems are to be made sustainable.
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Institutional AM “exceptionally strong” – Mellon
GLOBAL – Mellon Financial says it had an “exceptionally strong” performance in institutional asset management in the fourth quarter of 2003.
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Schroders confirms Pignatelli departure
UK – Schroders has confirmed that former chief investment officer Mark Pignatelli is to leave the company by “mutual consent”.
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SEB sees strong demand for E. Europe real estate
EUROPE – The German real estate arm of Skandinaviska Enskilda Banken says it sees “strong investor interest” in the real estate markets of countries that are set to join the European Union.
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EU Commission clears Belgacom pension transfer
BELGIUM – The European Commission has cleared the transfer of Belgacom’s 3.6 billion-euro pension fund to the Belgian state, saying the move does not involve state aid.
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Citigroup asset management income rises 4%
GLOBAL – Citigroup has reported a four percent rise in asset management net income for the fourth quarter, as well as a 13% rise in assets under management.
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Kelloggs awards UK pensions admin to Aon
UK – Cereals firm Kellogg’s has awarded UK pensions administration business to Aon Consulting.
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Dutch metal workers’ fund returns 12% in 2003
NETHERLANDS – PMT, the scheme for Dutch metal and mechanical engineering workers, has posted a return of more than 12% in 2003.
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T. Rowe Price’s Matter joins Unigestion
EUROPE – T. Rowe Price says its head of sales for Germany and Austria, Stephan Matter, is to join Unigestion.
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Watson Wyatt's Urwin sees move away from equities
GLOBAL - The head of investment at Watson Wyatt, Roger Urwin, says there is a gradual move to lower equity allocations in mature pension countries.
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Investor confidence dips – surveys
EUROPE – Investor confidence declined in January, according to two measures released today.
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IAPF launches investment guide for trustees
IRELAND – The Irish Association of Pension Funds has launched a handbook on investment management for trustees.
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Ageing threatens living standards – Davos group
GLOBAL – The group behind the annual World Economic Forum meeting in Davos has issued a report in conjunction with Watson Wyatt saying ageing could undermine developed countries’ economies.
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UK: new study says scrapping MFR “mistaken”
UK – A new academic study has argued that the scrapping of the minimum funding requirement without replacing it with a more suitable standard was “mistaken”.
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HK insurer tenders E73m in debt via IPE-Quest
HONG KONG – A Hong Kong insurance company has tendered around 700 million HK dollars (72.8 million euros) in investment-grade debt via IPE-Quest.
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Denmark’s Pen-Sam awards $200m to State Street
DENMARK – The 2.4 billion-euro Danish medical industry pension fund Pen-Sam says it has awarded 200 million dollars in enhanced indexed global equities to State Street.
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Watson Wyatt says FRS17 nullifies equity rise
UK – The FRS17 pension accounting standard has cancelled out stock market rises, says consulting firm Watson Wyatt.
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Belgacom’s Grauls joins metal industry fund
BELGIUM – The pension fund for Belgium’s metal industry has hired former Belgacom portfolio manager Greet Grauls.
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Standard Life names Benelux investment chief
EUROPE - Standard Life Investments has named Pat Woods as investment director for Benelux while Jennifer Richards takes over from him in the same role in Ireland.
