All articles by Jan Wagner – Page 34
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News
Germany plans boost to Pensionsfonds system
GERMANY - The German government intends to radically boost the competitiveness of Pensionsfonds, the equity-oriented corporate pensions vehicle created in 2001, according to a senior official in the social affairs ministry.
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News
Mandatory pension saving an open question – Rürup
GERMANY - Bert Rürup, the head of the government’s panel of economic advisors, says the issue of mandatory retirement saving may come up again in the next legislative period.
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News
German institutions ‘eye mutual funds amid IFRS’
GERMANY - German institutional investors are preparing to increase investments in mutual funds amid stricter accounting standards for traditional German institutional funds (Spezialfonds), according to a new study.
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News
Ousted Babcock CEO ‘misrepresented assets’
GERMANY - The surprise dismissal of Günter Schulze as chief executive of Babcock Pensionskasse followed his misrepresentation of the pension fund’s investments, sources say.
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News
SSGA says German assets rise 43%
GERMANY - Asset management group State Street Global Advisors says its institutional assets under management in Germany and Austria rose 43% last year to total €10.1bn.
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News
Allianz’s European asset chief Goldbrunner exits
GERMANY - Johann Goldbrunner, head of Europe for Allianz Global Investors, has decided to resign on April 1 – just three months after taking on the role.
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Features
Mandatory saving not the German way
The government has ruled out the possibility of private saving for retirement in Germany becoming mandatory, saying its pension reforms of 2001 and 2004 should be sufficient. To encourage saving for retirement, the government created Riester Rente in 2001 – second- and third-pillar pensions that qualify for government subsidies. But ...
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News
Germany’s Babcock Pensionskasse removes CEO
GERMANY - Babcock Pensionskasse, the €460m pension fund of failed engineering firm Babcock, has stripped chief executive Günter Schulze of his responsibilities, sources say.
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News
DeAM now confirms Hawkpoint exploring options
UK/GERMANY - Deutsche Asset Management in the UK has today confirmed that the investment bank Hawkpoint has been hired to explore its “strategic options”.
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News
Deutsche hires firm for DeAM sale - report
GERMANY/UK - Deutsche Asset Management in the UK has declined comment on a newspaper report indicating that the investment bank Hawkpoint has been hired to explore its possible sale.
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News
Germany’s MLP to double occupational business
GERMANY - MLP AG, an independent financial adviser, says it aims to double its share of the occupational pensions advising market to eight percent by 2010.
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News
Siemens Pension Trust’s Kirschenhofer leaves
GERMANY - Klaus Kirschenhofer, an executive at Siemens’ corporate treasury unit with responsibility for group-wide asset management, is leaving the unit after joining it almost three years ago.
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News
CSAM names new Germany chief executive
GERMANY - Crédit Suisse Asset Management says Philipp Vorndran is to take over from Hansjörg Herzog as chief executive of its German arm.
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News
German dentists hire Alpha as consultant
GERMANY - VZB, a Berlin-based pension fund for dentists, says it has hired Alpha Portfolio Advisors as its new investment consultant for its €700m portfolio.
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News
Gartmore’s Frankfurt sales director steps down
GERMANY - UK asset manager Gartmore has confirmed that Anke Frémion will step down as sales director in its Frankfurt office, effective March 31 2005.
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News
Cominvest sees up to €700m inflows in 2005
GERMANY – The chief executive of Commerzbank’s fund arm Cominvest expects up to €700m in inflows this year – on top of broadly unchanged assets under management in 2004.
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News
Union Investment posts rise in 2004 AUM
GERMANY -- German institutional fund provider Union Investment has recorded €3.7bn in net investor inflows last year.
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News
Werner joins SAM Group
SWITZERLAND --SAM Group, a Swiss asset manager specialising in sustainable investing, has appointed Christian Werner as its new head of research.
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News
New hires at Swiss consultant Ecofin
SWITZERLAND - Ecofin, one of Switzerland’s largest investment consultants, has brought in a pair of new senior advisers and, for the first time, has opened itself up to private banking clients.
