All articles by Helen Avery – Page 40
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JP Morgan wins AXA German custody business
GERMANY - AXA Investment Managers Deutschland GmbH, has appointed JPMorgan Investor Services as its global custodian.
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Stocks are now just 51% of UK fund assets
UK – UK life assurance and pension funds have seen a significant decrease in the percentage of their assets held in equities, according to CSFB.
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Mercer declines comment on Oliver Wyman report
UK – Mercer has not denied newspaper reports that it is in talks to buy multinational financial services consultants Oliver, Wyman & Co. for 250 million dollars.
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French unions plan pensions protest
FRANCE – France’s unions are preparing for Saturday’s national demonstration in an attempt to have their opinions considered in the government’s proposals for pension reform.
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Mellon consolidates US fixed income businesses
US – Mellon Financial Corp. is merging three of its 14 institutional asset management businesses to form one of the largest fixed income managers in the US.
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Allianz renames its UK asset management arm
UK – Dresdner RCM Global Investors (UK) Ltd. has been renamed Allianz Dresdner Asset Management (UK) Ltd. with immediate effect.
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Credit Suisse AM revamps European management
EUROPE – Credit Suisse Asset Management Europe has announced its pan-European management structure and executive board members.
