All articles by Carolyn Bandel – Page 39
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IPE-QUEST: Pension fund seeks emerging market debt
[16:40 CET 12-12] EUROPE – A European industry-wide pension fund has said it is looking for managers for a $200m (€136m) global emerging market debt mandate.
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Citi decides on new chief
[15:30 CET 12-12] GLOBAL – Vikram Pandit, the head of institutional clients at America’s largest bank Citigroup, has been named as the group’s new chief executive, in a bid to restore the company’s profitability and reputation.
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NBIM names Kjaer’s successor
[14:20 CET 12-12] NORWAY - Norges Bank’s executive board has appointed Yngve Slyngstad to succeed Knut N. Kjær as executive director of Norges Bank Investment Management.
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Wednesday people roundup
[14:00 CET 12-12] People roundup GLOBAL – PGGM, Mercer, Watson Wyatt, P-Solve, BlackRock, Punter Southall, F&C, Sinopai, Canada Life.
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Sicily, Lombardy and Veneto mull territorial fund
[12:00 CET 12-12] ITALY – The Italian regions Lombardy, Veneto and Sicily are looking at adopting territorial pension fund arrangements similar to PensPlan for the Trentino region.
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Call for portability directive revival
[11:00 CET 12-12] EUROPE – The European Economic and Social Committee (EESC), a European Union consultative body set up in 1957, has called for new discussions on the EU portability directive.
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Ionis eyes cross-border fund cooperation
[14:00 CET 11-12] FRANCE – Ionis, the €200m French pensions and savings group, is mulling cross-border cooperation with Belgium, Spain, Switzerland and Italy.
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Philips scheme dismantles real estate portfolio
[12:00 CET 11-12] NETHERLANDS – The besieged €14.6bn pension scheme of Dutch electronics major Philips has sold around 15% of its real estate holdings to Dutch real estate investment fund Vesteda.
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Paternoster kicks off Christmas flurry with Lasmo
[15:30 CET 10-12] UK – Paternoster, the British pension buyout firm set up by former Prudential chief Mark Wood, is set to announce the acquisition of the £150m (€208m) pension plan Eni Lasmo, the UK oil exploration arm of Italy's Eni SpA.
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Credit crisis delays liability hedging business
[15:30 CET 10-12] UK – Delays in the execution of derivatives-based liability hedging strategies, caused by the credit crunch, hinder pension funds in adopting them more widely, says investment consultant Watson Wyatt.
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Elmehagen to leave AMF Pension
[12:50 CET 10-12] SWEDEN – Christer Elmehagen, the chief executive of Sweden’s largest fund company, AMF Pension has said he will leave the company at the end of 2008.
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C&W continues pensions buyout deliberation
[15:45 CET 06-12] UK – The Cable & Wireless pension scheme is still pursuing the possibility of shifting its £2bn (€2.9bn) in assets into a pension buyout along with other options, officials the UK-listed company has stated.
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Dutch journos joins Grafische Bedrijven
[12:30 CET 06-12] NETHERLANDS – The €13m Dutch daily newspaper journalists’ pre-pension fund will be liquidated when its liabilities are transferred to the €6.4bn Dutch pension fund for the printing industry, Grafische Bedrijven (PGB).
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ABP reviews energy investments
[16:45 CET 05-12] NETHERLANDS – The €218bn Dutch pension fund ABP is reviewing its investments in energy, the scheme's head of sustainability, Rob Lake has said.
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Aberdeen pushes into Austria
[14:00 CET 05-12] AUSTRIA – Aberdeen Asset Managers is in discussions with a handful of Austrian institutional investors as part of an effort to expand its business to Austria, according to Hartmut Leser, Aberdeen's German head.
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Wednesday people roundup
[12:00 CET 05-12] People Roundup GLOBAL – Aon, PPF, Punter Southall, SGAM, SEB, BlackRock, Hewitt, Investec, Sacker & Partners.
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Carbon disclosure project widens
[15:30 CET 04-12] NETHERLANDS – The Carbon Disclosure Project (CDP), a global standardised mechanism by which companies report their greenhouse gas emissions to their investors, has today announced it is expanding to the Netherlands.
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Pioneer hives off German admin business to SocGen
[14:30 CET 04-12] GERMANY – Pioneer Investments has finally been able to sell off its German fund administration services business used by KAGs, known as Activest, to Société Générale Securities Services (SGSS), the custody arm of the French bank.
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Credit crunch sees deficits drop to £3bn
[16:15 CET 03-12] UK – The combined deficit of the defined benefit (DB) pension plans for FTSE 100 companies has been almost wiped out in the past 12 month, a study by Aon Consulting has found.
