All IPE articles in May 2005 (Online) – Page 7
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Germany’s MLP taps Alpha for €800m
GERMANY - Investment consultant Alpha Portfolio Advisors says it has been awarded €800m by independent financial advisory firm MLP.
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Bank of NY makes two UK senior appointments
UK – The Bank of New York has made two senior UK appointments: Peter Christmas and Mark Westwell.
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Shell Pensions’ Hickey leaves to join F&C
UK – F&C Asset Management says it has hired Japanese equity specialist Adrian Hickey from oil group Shell’s in-house pensions management arm.
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Unilever names new Belgian pension head
BELGIUM - Ronald Domen has been appointed national pensions manager for Unilever in Belgium as of the start of this month.
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New UK pensions minister Blunkett to address NAPF
UK – David Blunkett, the new secretary of state for work and pensions, is to address the National Association of Pension Funds’ annual conference later this week.
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Finland’s Etera awards €250m to Kaupthing
FINLAND – Icelandic banking group Kaupthing says its asset management arm has been awarded around €250m by €4.9bn Finnish pension insurance company Etera.
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ABN Amro Mellon poaches DB's Korsanke
EUROPE - ABN Amro Mellon Global Securities Services has poached Robert Korsanke from Deutsche Bank as the new senior sales manager for its Frankfurt office.
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S&P launches default assessment for trustees
UK - Rating agency Standard & Poor's has launched a service for UK pension scheme trustees, which it says enables them to independently gauge the default risk of the sponsor.
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Italian bank seeks insurer for €85m pensions
ITALY – Italian bank Cassa di Risparmio di Parma e Piacenza SpA is looking for an insurance company for its €85m corporate pension fund.
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PMI's Cobley becomes chairman of consulting firm
UK - Roger Cobley, the president of the Pensions Management Institute, has been appointed chairman of institutional consulting firm Stamford Associates.
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Italian pension regulator ‘reassured’ on powers
ITALY – The president of pension regulator Covip said he was satisfied the agency will be given back full power of supervision on pension-related investments in spite of late legislation.
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Industry uncertainty over UK election outcome
UK -- The pensions and investment industry response to the outcome of the UK general election was one of no surprise at a re-elected Labour government with a sharply reduced parliamentary majority.
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Dutch firms can outsource pension to EU countries
NETHERLANDS - Dutch companies will have the ability to outsource their pensions to a non-Dutch organisation or fund within the EU when the country implements the new EU pensions directive.
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Pension funds face climate-change risks, says report
UK- The pensions industry needs to recognise the long-term impact of climate change and adapt their asset and liability management strategies accordingly or they face an uncertain future, according to a report by UK merchant banking group Climate Change Capital.
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UK university scheme seeks investment chair
UK - The £20bn (€29.4bn) Universities Superannuation Scheme is seeking a new chairman of its investment committee to replace Scott Bell.
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F&C sides against limiting voting rights in France
FRANCE - Investment manager F&C has vowed to turn up pressure on French companies to end the practice of limiting voting rights.
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HSBC’s Finch launches boutique Tri Investments
UK - Christopher Finch, former head of pensions product development at HSBC Asset Management, has left the firm to set up a specialist investment boutique for institutional and retail investors.
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UK government on wrong pensions track survey finds
UK – Pension funds believe that government policy is moving in the wrong direction for both occupational and state provision, according to the Association of Consulting Actuaries’ Pension Trends Survey 2005.
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Mercer predicts biggest manager search rise in Europe
GLOBAL – Canada and continental Europe are the areas that will see the most investment manager search activity in the period ahead, according to Mercer Investment Consulting.
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Swiss Post executive resigns over vote at Nestle AGM
SWITZERLAND - Jürg Bucher, head of the investment committee for the CHF11bn (€7.1bn) pension fund for Post employees, Post PK, has bowed to mounting pressure to resign after voting in favour of Nestle’s CEO Peter Brabeck becoming group chairman as well.