Markets – Page 271
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SEB selects Schroders for SEK12bn advisory brief
SWEDEN/UK – Stockholm based financial services group Skandinaviska Enskilda Banken (SEB) has appointed London based asset manager Schroders to advise it on the management of its SEK12bn (e1.3bn) Asian and emerging market equity assets....
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New Proximus fund opts for Fortis and ABN-AMRO
BELGIUM - Proximus, the mobile phone subsidiary of Belgacom – the Belgian telecommunications group, has appointed investment managers Fortis and ABN-AMRO for passive and active equity briefs respectively, following the transfer of assets into its fledgling pension fund....
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Sweden's AP2 and AP3 funds make top level hires
SWEDEN – The government pension buffer funds AP2 and AP3 have made a number of top level appointments to their in-house investment teams....
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Huerta to lead Spanish institutional sales at R&SA
Victoria Huerta has been appointed as sales director of retail and institutional funds at the Madrid office of Royal & Sun Alliance Investments Luxembourg.... And all the week's major people moves....
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Euro is a threat to UK small caps, says industry
UK/EUROPE – The majority of UK fund managers, broker analysts, and smaller companies believe that small cap UK companies will not benefit from joining the European Monetary Union (EMU), according to a Reuters survey, conducted by London-based Tempest Consultants.
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Spain's MEFF places futures & options on S&P 350
SPAIN/US – The Madrid based futures and options bourse Mercado Oficial de Futuros y Opciones Financieros (MEFF) will tomorrow (June 21) launch stock index futures and options contracts on the S&P Europe 350 index...
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Morley lands £1bn Marconi fund assets
UK – Communications group Marconi has appointed Morley Fund Management to run a £1bn (e1.63bn) bond portfolio on behalf of its UK pension plan.
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Washington launches new European hedge fund
EUROPE – Adrian Farthing has been appointed by the Washington Financial Group to manage its new European hedge fund targeted at European, UK and US offshore institutional investors and funds of funds....
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Italy's Fondo Famiglia seeks pan-European partners
ITALY – Fondo Pensione Complementare per la Famiglia (Fondo Famiglia), the potentially fifteen million strong pension fund for Italian housewives and part-time workers, is sounding out partnerships with similar European family organisations that could create a giant pan-European retirement scheme for the social sector....
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Northern scoops e1bn master custody brief
UK – The £640m (e1bn) Falkirk Council pension fund in Scotland has appointed Northern Trust as its master custodian, in a move which follows the recent appointment of Capital International to an approximately £128m UK/European equities brief....
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BMW enters investment fund field with Russell
GERMANY – BMW Bank, the financial services arm of German car manufacturer BMW, has entered investment fund business with a range of international multi-manager funds, offered through Frank Russell Company, starting on Jul 30.
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Finnish supervisory body names new MD
Jukka Rantala has been named managing director of the Finnish Central Pension Security Institute (ETK), the supervisory body of earnings-related pensions.... And all the week's major people moves...
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State Street/Itaú in Brazil institutional tie-up
BRAZIL/US – State Street has entered into an agreement with Brazil’s second largest private bank, São Paolo based Banco Itaú, in a bid to expand institutional investment services for clients of both companies, including pension funds, investment managers, insurance companies and multinational corporations.
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Hay poached from Standard Life to become Aegon CIO
UK – Wendy Hay, head of global equities at Edinburgh based Standard Life Investments has been poached by Aegon Asset Management UK to become its new chief investment officer (CIO) from October 1....
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Standard Life opens first US office
US/UK – Standard Life Investments is opening a fund management office in Boston, its first presence in the US market....
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Handelsbanken expands investment banking division
SWEDEN – Handelsbanken is expanding its investment banking division, recruiting Annika Espander as an analyst to its research department....
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Europol fund re-tenders after expensive proposals
NETHERLANDS - The e2.6m Europol Pension Fund in The Hague, the plan for officials of the European police organisation, is to re-tender for the administration, asset management and risk coverage of the scheme, following a disappointing set of proposals from investment managers....
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Aegon picks up UK multi-manager mandate
UK – Aegon Asset Management UK has been appointed as an active fixed interest manager under Escher UK Asset Management’s multi-manager structure...
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Deutsche Börse and Eurex spell out ETF plans
EUROPE/US – Deutsche Börse and Eurex are to offer trading participants a market for trading in euro-denominated US equities as well as exchange-traded funds and stock options on the Xetra and Eurex trading platforms by September.
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JP Morgan Chase investment chief retires
US – Ramon de Oliveira, head of investment management and private banking at JP Morgan Chase is to retire in August. James Staley, current co-head of the private banking group has been appointed to succeed him in the position.
