All articles by Helen Avery – Page 24
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News
Companies revamping plans because of pension stresses
GLOBAL – One third of mid-sized corporations in the Netherlands, UK, US and Canada, are altering their business plans to cope with pension under-funding, says the latest research from SEI Investments.
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News
ISIS hire specialist for insurance assets
UK – ISIS Asset Management has appointed Schroders’ Fahim Imam-Sadeque to build on its institutional insurance business as more insurers are beginning to outsource investment management activities.
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Commerz finds buyer for Italian AM operation
GERMANY/ITALY – Commerzbank has found a buyer for its Italian investment unit, and is also planning to expand Jupiter Asset Management’s activities in Germany.
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NAPF backs HSBC’s euro 32 million pay package
UK – The National Association of Pension Funds’ view of the 37.5 million dollar pay package of HSBC’s Bill Aldinger was shared by investors who, at the bank’s annual general meeting on Friday, voted in favour of the remuneration package, despite beliefs that many would oppose the deal.
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News
PIMCO makes senior credit appointments in Europe
EUROPE – PIMCO has expanded its corporate bond team in Europe with two new appointments in portfolio management and research.
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Kraft appoints Von Niederhausern in Switzerland
SWITZERLAND – Kraft Foods Switzerland has appointed Daniel von Niederhausern as manager for its pension fund, based in Bern.
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Germany’s Eichel “to cut pension subsidies”
GERMANY – According to newspaper reports, Germany’s finance minister Hans Eichel, has announced plans to cut federal pension subsidies by around five billion euros.
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CSAM's chief investment officer Smith to leave in revamp
GLOBAL – Larry Smith is to leave his post as chief investment officer at Credit Suisse Asset Management after three years following yet another re-organisation by the company.
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Features
Short end of curve opens up
The last month has seen an immense rally in government bonds, predominantly spurred by Alan Greenspan’s comments. His hints at concerns of deflation in the US have given the market the impression that an increase in interest rates by the Fed will be a long time coming. Economic data released ...
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Features
Between a rock and a hard place
Germany is in an unenviable situation. Its people are over-reliant on a state pension system that is no longer financially viable, and the Riester reform, designed to develop a third pillar pension system, and boost the unpopular second pillar pension system, has not been as successful as expected. If the ...
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SWIP names head of Italian business
ITALY – Scottish Widows Investment Partnership has appointed Francesco Albano as its new head of Italian business development.
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Italian industry, unions in pension reform talks
ITALY – Manufacturing and service industry body Confindustria is looking at opening up discussion with the unions Cisl and Uil over pension reform.
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RLAM’s equities chief Lawlor moves to Nomura
UK – The head of international equities at Royal London Asset Management, Philip Lawlor, is leaving to join Nomura International.
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Frank Russell selects Thames River Capital
UK – Multi-management specialist Frank Russell has selected Thames River Capital to manage three assignments within its manager of managers funds.
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SEI Investments names southern Europe chief
UK – SEI Investments is boosting its presence within southern Europe, with the appointment of Marco Zanuso as director of business development for the region.
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News
Austria postpones pension reform bill
AUSTRIA – Austria’s finance minister has announced the postponement of the pension bill, while unions have decided to postpone their strikes for the next few weeks.
