Advisers – Page 130
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Consultant tenders E150m via IPE-Quest
EUROPE – A Zurich-based investment consultant has tendered an active global mid- and small-cap equities brief worth 150 euros via IPE-Quest.
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State Street Ireland hires Goldman’s Nangle
IRELAND – State Street has hired Goldman Sachs Asset Management’s Gavin Nangle to be head of business development in Ireland.
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Putnam says top lawyer Woolverton to retire
US – Putnam Investments says its top lawyer William Woolverton is to retire amid the market timing scandal and be replaced by State Street Research & Management Co.’s Frank McNamara.
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Watson Wyatt hires Citigroup’s Armstrong
UK – Watson Wyatt LLP has hired Citigroup Asset Management’s European marketing director Jane Armstrong as head of marketing for its investment practice, a new role.
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MSCI to buy risk software firm Barra for E675m
GLOBAL - Morgan Stanley is to buy risk management analytics firm Barra for 816.4 million dollars (675.3 million euros) in cash and integrate it with its majority-owned MSCI index business.
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Europe's CESR to look at asset management
EUROPE - The Committee of European Securities Regulators has appointed the chairman of Italy's Consob to head a group looking at investment management.
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Mercer names international consulting head
UK – Mercer Human Resource Consulting has named Mark Sullivan as head of its international consulting practice.
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Skandia case goes to Swedish supreme court
SWEDEN – The Skandia pensions taxation case has been submitted to the Swedish Supreme Administrative Court – with a decision expected within weeks.
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Watson Wyatt names Aon’s Witt as Munich manager
GERMANY - Watson Wyatt has appointed Jens Witt of Aon’s German consulting subsidiary to the new position of managing consultant for its Munich office as it expands in Germany.
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Danish funds sign agreement with SRI firm Eiris
DENMARK – Socially responsible investing consultant Ethical Investment Research Services has signed agreements with two Danish pension funds, Pensionskassernes Administration and Magistrenes Pensionskasse.
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IBM likely to use new Irish common fund
IRELAND - Computer giant IBM is likely to become one of the first multinational companies to use the common contractual fund (CCF), Ireland’s new tax transparent pooling vehicle, to pool its pension funds’ global equity assets.
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Lane Clark hires from KPMG to start outsourcing
UK – Actuarial consulting firm Lane Clark & Peacock has hired KPMG’s Nick Phizackerley and Antonella Sferrino as managing consultants to launch an outsourcing consultancy.
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Towers Perrin Belgian MD joins Watson Wyatt
BELGIUM – The managing director of consulting firm Towers Perrin’s Belgian office, Fred Letourneau, has joined Watson Wyatt in Canada.
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Somerset taps Standard Life for equities
UK - The 652 million-pound (979.8 million-euro) Somerset County Council Pension Fund has selected Standard Life Investments to manage a segregated specialist UK equity portfolio valued at around 175 million pounds.
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Austria’s BVP awards convertible bonds to MSIM
AUSTRIA – Austrian multi-employer pension fund BVP Pensionskassen has awarded a 30 million-euro convertible bond mandate to Morgan Stanley Investment Management, a type of investment new to the fund.
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Mercer sees rejig of asset management industry
GLOBAL – Consulting firm Mercer Oliver Wyman says the asset management industry should ditch the traditional institutional, retail and high net worth categories and reorganise according to the “professionalism” of investors.
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Italy sends new signal over pension reform
ITALY- In an unusual move, the welfare ministry has said that the government wants the controversial pension bill to be sent from the labour committee to the Senate for the second time in a few weeks.
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IAS19 could cause Dutch pensions 'breakdown' say employers
The introduction of new IAS19 accountancy rules could play havoc with Dutch companies and may even lead to a total breakdown of the Dutch pensions system as it is today...
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Consultant says it is first to 'cost' fixed income transactions
GERMANY - A German investment consultant has developed what it claims is the first methodology to measure the overall cost of fixed income transactions
