UK – The 750 million-euro pension scheme of chemicals company Ciba has awarded a UK equity mandate to Majedie Asset Management.

A spokesman for Majedie confirmed that it had won a 26 million-pound (37.2 million-euro) mandate from the Macclesfield-based Ciba Specialty Chemicals UK Pensions Scheme.

Majedie was established in 2002 by former Merrill Lynch Investment Managers employees James de Uphaugh, Chris Field, Rob Harris and Adam Parker, who worked together for eight years in the Alpha team at Merrill Lynch Investment Managers.