People – Page 151
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Aon says DB closures continue
UK – The closure of defined benefit pension schemes in the UK shows no signs of slowing down over the next three years, according to research from Aon Consulting.
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London pension fund to review arms investing
UK – The roughly £3.3bn (€4.8bn) London Pension Fund Authority will review its investment in arms manufacturing companies at a public board meeting next week.
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ING IM names new institutional clients MD
NETHERLANDS – Arthur van der Wal, current head of relationship management for institutional clients at ING Investment Management, has been named managing director institutional clients with effect from July 1.
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Law firm Freshfields rejigs pensions leadership
GLOBAL - Freshfields Bruckhaus Deringer has named Hamburg partner Klaus-Stefan Hohenstatt as the sole head of its global pensions practice.
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CBRE in deal with Oxford Property Consultants
REAL ESTATE – UK real estate research and investment firm Oxford Property Consultants has inked a deal with CB Richard Ellis.
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CalPERS names asset allocation consultants
GLOBAL – The California Public Employees’ Retirement System (CalPERS), the $210bn (€163.8bn) public pensions giant, has “tentatively” selected contractors for asset allocation consulting, securities lending services and administration of supplemental savings programmes.
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Fortis names global LDI head
NETHERLANDS – Fortis Investments has appointed Alexander Van Aken to the new position as global head of liability driven investment.
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Sweden’s SPP gets two board members
SWEDEN - Kerstin Wahlund and Håkan Sandberg have been appointed as new members of the board of SPP Livförsäkring AB, the former mutually owned pension insurance group that’s now part of Svenska Handelsbanken.
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GSAM nabs HSBC’s Cheetham for institutional role
UK - Goldman Sachs Asset Management has hired HSBC Asset Management’s Geoff Cheetham to boost its UK Institutional sales team.
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AP2 says there aren’t enough women managers
SWEDEN – Andra AP-fonden, the Second Swedish National Pension Fund, AP2, says not enough women are being appointed to senior management positions at Swedish companies.
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Ex-CalPERS’ McCook joins new firm
REAL ESTATE - Mike McCook, the former senior investment officer for real estate at the California Public Employees Retirement System, has found new employment. (This article first appeared on IPERealEstate.com.)
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Schofield to head Janus’ INTECH internationally
GLOBAL – Janus Capital has appointed its European institutional chief David Schofield as president of the new international division of its mathematical subsidiary INTECH.
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PME names new chief pensions officer
NETHERLANDS – PME, the industry-wide pension fund for the Dutch engineering sector and the third-largest scheme in the country, says it has appointed Hans van der Windt as its new chief pensions officer.
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Fidelity seeks new Swiss institutional head
SWITZERLAND – Fidelity International says it is talking to headhunters about finding a replacement for Swiss institutional investment director Raoul van der Lugt.
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Watson Wyatt hires Aon’s Yakoubov
UK – Watson Wyatt Worldwide says it has hired Yakoub Yakoubov from rival Aon Consulting.
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Etera investment chief Korhonen joins Kaupthing
EUROPE – Ari Korhonen, chief investment officer at the €5.58bn Etera Mutual Pension Insurance Co. is to take over as head of Kaupthing Asset Management in Finland.
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MetallRente joins enhanced analytics group
GERMANY – MetallRente, the €556m pension fund for Germany’s metalworking and engineering industries, has joined the Enhanced Analytics Initiative.
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OPF names van der Graaff as supervision official
NETHERLANDS – The OPF, the Dutch company pension fund foundation, has appointed a former government official as its new secretary for supervision and financial markets.
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SSGA names Owen as UK institutional sales head
UK - State Street Global Advisors has named Citigroup Asset Management's Richard Owen as head of institutional sales for the UK and Ireland.
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DB buyout firm Paternoster hires from Hewitt
UK – Paternoster, the new UK defined benefit pension buyout firm, has hired Hewitt Associates’ principal consultant Cliff Speed.