All articles by Carolyn Bandel – Page 30
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NewsJPMorgan pushes into Nordic custody
[11:05 CET 27-03] SCANDINAVIA – American investment bank JPMorgan has just announced it has signed an agreement to buy the €200bn institutional global custody business of Nordea, one of the largest Nordic banks.
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Belgium names pension minister
[16:20 CET 26-03] BELGIUM – Marie Arena of the Francophone Parti Socialiste has when she joined the federal government as minister of social integration and pensions.
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NewsInflation will remain "high" – Trichet
[15:50 CET 26-03] EUROPE – Jean-Claude Trichet, the president of the European Central Bank, today said the period of relatively high inflation rates will be longer than previously expected.
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Wednesday people roundup
[15:30 CET 26-03] GLOBAL People roundup – Investment Solutions, Cardano, SWIP, IFDS, Hymans Robertson, Pimco, Axa Framlington, Resolution, AXA Rosenberg, Montae, Brown, Chi-X.
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Institutions in arms against VDM changes
[16:50 CET 25-08] NETHERLANDS – Major pension funds ABP and PFZW today said they have demanded securities trading firm Van der Moolen (VDM) withdraw its increase to the threshold at which shareholders can put issues on the company's agenda.
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Watson Wyatt replaces corporate consulting head
[13:15 CET 25-08] UK – Rashpal Bhabra will take over as head of corporate consulting in the UK at investment consultant Watson Wyatt in London.
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PME’s van Els sets up shop
[12:30 CET 25-08] NETHERLANDS – Bram van Els, the spokesman for and communications head of PME, the Dutch industry wide pension fund for the metal and electro industry, is to launch his own consultancy business.
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Progress sees assets decline
[15:30 CET 20-03] NETHERLANDS – Progress, the Dutch pension fund of Unilever, said its assets declined by €26m to €3.967bn by the end of 2007.
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ERAFP aims to diversify with new consultant
[15:00 CET 20-03] FRANCE – The €4.8bn French public service supplementary pension scheme ERAFP has said it has selected Mercer as its new investment consultant for an extended diversification of its investments.
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Luxembourg fund taps new custodian
[14:00 CET 20-03] LUXEMBOURG – The €8.4bn Fonds de Compensation de la Sécurité Sociale has appointed Citi as the new custodian to the new Luxembourg State Pension Fund.
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Fopadiva seeks new managers
[14:00 CET 20-03] ITALY – Fopadiva, the pension fund for employees of the semi-autonomous Valle d’Aosta region is looking for at least two fund managers for a ‘dynamic’ and a ‘prudent’ portfolio.
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IPE-Quest: debt and corporate bonds
[13:30 CET 20-03] EUROPE – Two pension funds and an investment consultant have issued new searches for investment managers using IPE Quest.
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Ping An confirms Fortis deal
[16:40 CET 19-03] GLOBAL – The Chinese insurer Ping An is set to buy half of Fortis’ asset management business, which has ballooned since the integration of ABN Amro asset management.
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Schroders buys SwissRe AM
[16:30 CET 19-03] SWITZERLAND – British fund manager Schroders has today announced it will take over the Swiss reinsurer Swiss Re’s asset management unit.
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Wednesday people roundup
[16:15 CET 19-03] GLOBAL – People roundup: Watson Wyatt, Pioneer, Henderson, Schroders, ETF Securities, ITS, Freshfields, ING, Northern Trust.
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Subprime hits Luxembourg funds
[11:00 CET 19-03] LUXEMBOURG – Funds registered in Luxembourg have seen a drop in net assets of 5.2% in the year to date, despite the number of funds moving to the country having increased.
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Luxembourg fires warning over UCITS IV
[15:00 CET 18-03] LUXEMBOURG – Claude Kremer, chairman of the Association of Luxembourg Fund Industry (ALFI), has condemned the plans for management company passports under a new Undertakings in Collective Investments and Securities (UCITS) directive.
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New fund to boost overseas volunteers' pensions
[11:30 CET 18-03] UK – Public sector workers such as doctors and teachers who choose to volunteer their skills abroad will have their pension contributions paid from a new pension fund, following a decision by the government.
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Dresdner splits for 'consolidation'
[15:30 CET 17-03] GERMANY – German insurer Allianz confirmed it will split its subsidiary Dresdner Bank into two separate units, carving out investment bank Dresdner Kleinwort as a distinct legal entity, with immediate effect.
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German institutions in class action against IKB
[15:00 CET 17-03] GERMANY – A number of institutional investors seek to reclaim damages of at least €10m from ailing IKB Deutsche Industriebank via a German class–action lawsuit.
