People – Page 173
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News
State Street to cut 425 jobs and restructure
GLOBAL – State Street Corp. says it will cut about 425 jobs and restructure some of its businesses amid a 12% fall in quarterly profits.
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DeAM consultant head Patel leaves
EUROPE - Deutsche Asset Management has confirmed the departure of Dipak Patel, director of consultant relationships.
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Ex-Watson's Douse leaves Schroders
EUROPE - Susan Douse, the former Watson Wyatt consultant who left to join Schroders, is to leave the asset management firm after six months in the job.
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Fortunis dormant as Menco joins De Eendragt
NETHERLANDS – Dutch consulting firm Fortunis has become dormant with its principal Philip Menco taking the helm at the 750 million-euro De Eendragt scheme.
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Governance firm ISS names global research head
GLOBAL – Corporate governance firm Institutional Shareholder Services has named Randall Hancock as general manager of its global research business unit.
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Ex-Belgian pensions minister joins consultant
BELGIUM – Former Belgian pensions minister Freddy Willockx has joined the new full-service consulting firm Akkermans Stroobants & Partners.
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Hewitt global investment head Fitzpatrick to retire
GLOBAL – Nick Fitzpatrick is to retire as head of global investment consulting at Hewitt Associates and be replaced by former Schroders investment head Nicola Ralston.
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German consultant Faros hires FERI’s Umlauf
GERMANY - Faros Consulting, a new German investment advisor for institutional clients, has poached a senior executive from rival FERI.
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Aon names Hewitt’s Macro to head DC consulting
UK - Aon Consulting has hired Paul Macro from Hewitt Bacon & Woodrow to head its defined contribution consulting business.
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New Swiss asset management firm launched
SWITZERLAND – Dutch bank Oyens & van Eeghen has launched an asset management company in Switzerland called Altis Investment Management in partnership with two former Morgan Stanley executives.
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OppenheimerFunds hires from BGI for Europe push
UK - US investment manager OppenheimerFunds Inc. has hired Adrian Gordon from Barclays Global Investors to spearhead a push into the European institutional market.
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Hogg Robinson pensions arm for sale – report
UK – Hogg Robinson’s employee benefits consulting arm is set to sold, according to a newspaper report.
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Pimco says it hires Schroders consultant head
UK - Fixed-income asset manager Pimco has hired Schroders’ Anne Fairchild-Jones as head of marketing communications in its London office- a new position.
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Fidelity names Naylor to UK DC team
UK - Fidelity Investments has named Caren Naylor as associate director of defined contributions product development.
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Morgan Stanley’s Orchard joins JP Morgan Fleming
UK- JP Morgan Fleming Asset Management has hired Morgan Stanley’s Andrew Orchard as a portfolio manager in its growing global portfolios group.
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Ex-Bank of NY Europe chief joins Deutsche Börse
EUROPE – Jeffrey Tessler, former general manager of Europe at the Bank of New York, is to join Deutsche Börse as head of its Clearstream International custody arm.
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Japan's pension manager DLIBJ in Europe push
DENMARK - Japanese pension fund manager DLIBJ Asset Management, which claims to be the largest Japanese asset manager, has raised its European profile with a sub-advisory brief from SEB Asset Management.
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S&P hires FTSE’s Davies for Europe role
EUROPE - Standard & Poor's Index Services says it has hired FTSE Group’s head of relationship management in Europe, John Davies, to the role of director of market development for Europe.
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Nordea names German institutional sales head
GERMANY - Nordea Investment Management says it has named Jan Albers as director of institutional sales for Germany.
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Robeco seeking CIO as Vriezen quits
NETHERLANDS – Marnix Vriezen, chief investment officer of Robeco for just over a year, has left the company amid a management shakeout by new chief executive George Möller.
