All articles by Daniel Brooksbank – Page 78
-
News
AP3 names new asset allocation chief
SWEDEN – Tredje AP-fonden, the SEK160.2bn (€17.3bn) Swedish third national fund, has named Skandia Liv’s Hans Lindberg as chief strategist for asset allocation, a new role.
-
News
UK’s PPF names asset managers, custodian
UK – The Pension Protection Fund has named three asset managers and a custodian as it seeks to take a “proactive” approach to managing the assets raised by its levy.
-
News
€1.3bn UK plumbing scheme fires Mercer
UK – Consulting firm Mercer has lost the investment consulting and scheme actuary roles at the £900m (€1.3bn) scheme for the plumbing industry.
-
News
MPs exempt from pension protection levy
UK – Members of Parliament are exempt from paying levies to the new Pension Protection Fund, it has emerged.
-
News
Nordea buys Polish pension firm in €95m deal
POLAND – Nordic financial group Nordea is to buy Sampo’s Polish pension and life companies for €95m.
-
News
HSBC gets Italian alternatives custody OK
ITALY – HSBC says it has received approval to open a custody operation for alternative investment funds in Milan.
-
News
Morgan Stanley asset management profit slips 16%
GLOBAL – Second-quarter pre-tax income at Morgan Stanley Investment Management fell 16% to $175m (€144m) from $209m a year before.
-
News
Citigroup, Legg Mason ‘in asset management talks’
GLOBAL – Citigroup and Legg Mason are in talks about swapping their asset management and brokerage businesses, according to a Bloomberg News report today.
-
News
Barclays Global Investors names operating chief
GLOBAL – Barclays Global Investors has named Boston Consulting’s Rohit Bhagat as its new chief operating officer.
-
News
Brown Brothers boosts European team
EUROPE – Securities services specialist Brown Brothers Harriman has named Jeffrey Holland as head of European sales and relationship management.
-
News
Watson’s Urwin doubts hedge fund capacity
GLOBAL – Roger Urwin, global head of investment consulting at Watson Wyatt, says the performance of fund of hedge funds is “in doubt” due to a lack of capacity at some of the managers.
-
News
Belgian national pensions debate postponed
BELGIUM – A national debate on pensions featuring government minister Bruno Tobback and industry figures has been postponed.
-
News
Varma’s capital markets chief Kuusisto resigns
FINLAND - Petri Kuusisto, director of capital markets at Finnish pension insurance company Varma, is to resign and be replaced by Mikko Koivusalo.
-
News
MLIM boosts European consultant team
EUROPE – Merrill Lynch Investment Managers has a new Zurich-based director in its global consultants group.
-
News
Storebrand in “dawn raid” on Norwegian pensions
NORWAY – A move by Storebrand to move ahead of its competitors in the Norwegian group pensions market has been described as a “dawn raid” in a new research report.
-
News
EU’s Spidla admits to fears for pension system
EUROPE – The European Commission’s social affairs chief Vladimir Spidla has admitted that demographic trends are leading to fears that the European pension system could be “overwhelmed”.
-
News
Fund distributor Allfunds opens UK office
UK – Allfunds, an investment fund distributor co-owned by Spain’s Grupo Santander and Italy’s Sanpaolo-IMI, has opened an office in London under former Abbey executive Holly Mackay.
-
News
Turkey says new pension system to beat target
TURKEY – Turkey says the individual pension system launched less than two years ago is growing faster than expected.
-
News
France’s FRR calls managers to SRI meeting
FRANCE – The €19.6bn Fonds de Réserve pour les Retraites, the French Pensions Reserve Fund, is planning to meet asset managers about socially responsible investing later this month.
-
News
Railpen hires former Lane Clark consultant
UK - Railpen Investments, which manages £15bn (€22.6bn) of pension assets for the UK rail industry, has hired a former consultant from Lane Clark & Peacock as senior investment manager.
