All Features articles – Page 592
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Features
PGGM appointment
The Dutch health and welfare pension scheme PGGM has appointed Roderick Munsters as its new director of investments, based in Zeist. He takes up the position in the new year and will take over from Gerard Wieringa, who retires at the end of 1997. Munsters, who is 33, is currently ...
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Features
Nikko appointment
Nikko International Capital Management, with £11bn under management, has appointed Tony Thomson as managing director of NICAM (UK). This is a newly created position within the company, though he takes over in London from David Somers who left the company last month. He joins from Foreign & Colonial where he ...
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Features
Pension funds test asset limits
The Danish system of pension investment limits is under pressure from an unusual quarter. A 30% rise in the value of the Copenhagen Stock Exchange has created problems for two of the largest public sector pensions funds. ATP (Arbejdsmarkedet Tillaegspension) and LD (Lomodtagernes Dyrtidsfond) have found themselves close to the ...
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Features
Sedgwick backs French
Sedgwick Noble Lowndes has placed its faith in the development of French retirement market, despite the stalled law, by basing the first of a number of European ‘centres of excellence’ in Paris.The move has been prompted, the company says, by the increasing privatisation of benefit provision in Europe. In addition ...
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Features
World Bank loan for Hungarian pensions
The World Bank is loaning $150m to the Hungarian government to support the introduction of the new mandatory pension system.Roberto Rocha, principal economist in the World Bank regional office in Budapest says: We are giving them a loan because this transition is going to have some costs. We are helping ...
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Features
Belgacom sticks with State Street
State Street Banque in Paris has won the latest mandate awarded by the Belgacom Pension Fund, Belgium’s largest funded pension scheme. The mandate, for Bfr8.6bn ($236m), is to be managed passively on a balanced basis. It is the second mandate to be won by State Street, which was awarded one ...
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Features
The benchmarking debate: A complex problem
It is widely agreed that a reasonable and consistently applied method of evaluating securities lending performance would benefit both lending clients and their agents. But significant differences of opinion over the best way to establish objective performance measurement criteria have developed within the industry. The approach most commonly proposed is ...
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Features
The benchmarking debate: An indispensable tool
At Barclays Global Investors we have supported the efforts of Robert Morris Associates (RMA) in the US in creating a benchmark for performance measurement in securities lending. We believe open and active communication between lending agents and beneficial owners is long overdue. A benchmark provides an important framework within which ...
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Features
Levi benefits move
Denise D’Hondt, compensation and benefits manager Europe, for Levi Strauss & Co Europe in Bel-gium, has left the company and has been replaced by former human resources director, Belinda Hans-ford who takes the new title of re-muneration director Europe. The appointment takes full effect in Jan-uary and will be based ...
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Features
Unison blow
Unison took further bodyblows in the past weeks with the joining of Jauch & Hubener and Aon. Germany’s largest broker and second largest employee benefit consultant, J&H, was one of the mainstays of the grouping, since the tie up of major French player Gras Savoye with international group Willis Carroon ...
