All articles by Jan Wagner – Page 30
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News
Germany implements pension fund directive
GERMANY - Germany has implemented the EU directive on occupational pension funds more than two months before the September 23 deadline following a parliamentary vote on Friday.
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News
Germany’s Pensor bought by insurer Volksfürsorge
GERMANY - German insurer Volksfürsorge has acquired Pensor Pensionsfonds, one of the new equity-oriented pension vehicles, from Pensor shareholders Commerzbank and Höfer Vorsorgemanagement, a German pensions consultant.
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News
Analysts welcome Deutsche Asset Management exit
UK - Deutsche Bank watchers have welcomed this morning’s announcement that virtually all of Deutsche Asset Management in the UK will be sold to rival Aberdeen, noting that the move gives Deutsche an elegant exit from the business.
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News
Germany’s Heubeck unveils new pension tables
GERMANY - Heubeck AG, an actuarial and pensions advisory firm, has predicted that German companies using cash reserves to finance pension obligations will only have to raise those reserves slightly in the short term.
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News
Bank of NY and BHF in German custody venture
GERMANY – The Bank of New York and German private bank BHF-Bank have established a joint venture in Germany to provide securities custody and settlement services for asset managers and institutional investors.
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News
Rivière takes over at Invesco in Germany
GERMANY - Patrick Rivière, Invesco’s head of European institutional business, has taken on the additional role of head of institutional business for Germany, according to Invesco’s German arm.
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News
Cominvest affilate Ebase sees pensions boost
GERMANY - Ebase, a fund service platform tied to German asset manager Cominvest, says the expected boom in occupational pensions will mean assets under administration from that sector will almost double by the end of 2008.
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News
WestAM names Westen as asset allocation chief
GERMANY - Institutional fund provider WestAM KAG has hired Gunther Westen from HSBC Trinkhaus Capital Management for the new role of director of asset allocation and fund management.
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News
DeAM Germany chief Behrens quits to join Deka
GERMANY – Oliver Behrens, head of Deutsche Asset Management in Germany, is to join the management board of fund provider DekaBank.
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Features
MAN to fund liabilities
German engineering giant MAN Group has confirmed plans to remove e1.72bn in pension liabilities from its balance sheet and finance them via an external fund. A spokesman for MAN said the move, to happen in phases, was linked to the overall trend among big German companies to switch to international ...
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News
Study casts doubts on Germany’s PAYG system
GERMANY - A new study indicates that returns for Germany’s pay-as-you-go pension scheme are headed into negative territory, meaning that future pensioners will get far less out of the scheme than they paid in.
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News
Julius Baer names ex-Credit Suisse exec as CEO
SWITZERLAND - Swiss bank Julius Baer has named former Credit Suisse executive Alex Widmer as chief executive, effective from the start of next year.
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News
WestLB enters multi-management market
UK - WestAM, the asset management arm of German bank WestLB, has brought in a former director at MM Asset Management in the UK to lead its foray into the multi-management fund business.
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News
Fortis opens sales office in Frankfurt
GERMANY - Fortis has opened a sales office in Frankfurt to offer a range of fund services to asset managers specialising in both traditional and asset classes.
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News
Top execs quit former Heubeck parent FJH
GERMANY - FJH, the embattled insurance software company that formerly owned German pensions adviser Heubeck AG, has announced the resignation of its chief financial officer as part of a shake-up of its management board.
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News
German financial services scheme BVV ups return
GERMANY - BVV, Germany’s largest traditional pension fund serving the financial services industry, has disclosed a small increase in its guaranteed return for 2004.
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News
Cerulli sees multi-manager demand in Germany
GERMANY - Investor demand for multi-manager funds in Germany increased more than three-fold in 2004, taking total volume for the funds to €414m, a new study by Cerulli Associates shows.
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News
Germany's WestAM CEO sees asset boost
GERMANY - Institutional fund provider WestAM expects to raise its assets under management to €40bn at the end of 2007 from just under €27bn currently, its chief executive says.
