People – Page 160
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News
Hymans axed from Newham scheme
UK - The London Borough of Newham has axed consultancy firm Hymans Robertson as actuarial services provider for its £500m (€719m) defined benefit scheme - the fund has appointed Mercer instead.
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AEGON names Pension Network board member
NETHERLANDS – AEGON has appointed Martijn Tans to the management board of the AEGON Pension Network.
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S&P pension director Weiland joins Gissings
UK – Alex Weiland, a pension services director at rating agency Standard & Poor’s, has quit to become investment chief at employee benefit advisory firm Gissings.
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CalPERS names ex-DeAM’s Read as CIO
GLOBAL – The California Public Employees' Retirement System has appointed former Deutsche Asset Management deputy chief investment officer Russell Read as CIO of the $208bn (€169bn) public pension scheme.
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Shell pension strategist Cardon joins bank (updated)
NETHERLANDS – Dutch Shell Pension Fund investment strategist Helmut Cardon has quit to join US investment bank Morgan Stanley in May. (updated)
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HSBC names securities services chief
UK – Banking group HSBC has named Tim Howell to take over as global head of its securities services business from John Gubert, who is retiring.
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Slovenia pension manager KAD reports profit
SLOVENIA – The supervisory board of the state-run €1.18bn Pension Fund Management, or Kapitalska Druzba (KAD), has reported a SIT15bn (€62m) net profit result for 2005.
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PPF CEO to get €725,000 plus DB pension
UK – The new chief executive of the Pension Protection Fund could earn close to £500,000 (€725,000) over the three-year appointment, and become a member of the blue-chip Civil Service Pension Scheme, according to the PPF job description.
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ABN Amro’s Fernandes joins Citigroup
UK – Francis Fernandes, the former Lane Clark & Peacock partner who joined ABN Amro two years ago, has now quit to join Citigroup’s pensions advisory group in London.
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Turkey sees 'exponential' pension asset growth
TURKEY - Turkey's new individual pension system is experiencing exponential growth, according to officials.
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Union PanAgora executive Bechtel exits
GERMANY – Marc Bechtel, executive manager of quantitative asset management outfit Union PanAgora, has left.
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ING IM providing ALM, asset allocation to schemes
EUROPE – ING Investment Management is performing asset liability modelling and asset allocations for European pension funds, says chief executive Angelien Kemna.
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Heissmann taps Hewitt’s Royers for Paris office
FRANCE – International consultant Buck Heissmann has recruited Joel Royers from rival Hewitt to head its new office in Paris.
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Dutch, UK chiefs quit ABN Amro Asset Management
EUROPE – Two high-level Netherlands and UK executives, Marc Verberne and Dermot Keegan, have quit ABN Amro Asset Management to join rivals.
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UK university scheme’s Thamotheram joins AXA
UK – Raj Thamotheram, senior adviser for responsible investment at the Universities Superannuation Scheme, is to join AXA Investment Managers.
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German MPs call for civil service pension fund
GERMANY – The budget committee of Germany’s parliament (Bundestag) has urged the government to create a pension fund for federal civil servants instead of, as now, financing their pensions via tax reserves.
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Cordares sets up pension product for new union
NETHERLANDS – Cordares is to create a new individual and ‘user-friendly’ pension planning product for the new union for Dutch self-employed people.
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UK’s Co-op seals €7.2bn pension fund merger
UK – The Co-operative Group has decided to shut its final salary scheme and merge its existing schemes into a single roughly £5bn (€7.2bn) career average salary fund.
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Consultant Hymans names five new partners
UK – Pension consulting firm Hymans Robertson has appointed six new partners as of the start of this month – taking the total number of partners to 31.
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Brewer InBev changes pensions admin (correct)
UK - The £295m (€420.6m) defined benefit pension fund of global brewer InBev has axed Paymaster as pensions administrator in favour of Watson Wyatt (corrected).
