People – Page 176
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News
Mercer names new head of pensions admin
UK – Mercer Human Resource Consulting has named Patrick Cosgrave as head of its pensions administration practice.
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Fortis hires fund exec from Ernst & Young
EUROPE - Fortis Bank has appointed Ernst &Young’s Jimmy Donnelly as senior business development manager at its Prime Fund Solutions arm.
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Italy lays out pension reform plans
ITALY - The Italian government is set to pave the way for the implementation of the pension reform approved by parliament last week.
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BGI hires Shellard for European ETF role
EUROPE - Barclays Global Investors has named Nick Shellard as European business development officer for its iShares exchange-traded funds business.
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Northern hires SSGA’s de Boer for Europe sales
EUROPE – Northern Trust Global Investments has hired State Street Global Advisors’ Heico de Boer as a sales director for Continental Europe.
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CSAM gains E845m in assets under management
SWITZERLAND – Credit Suisse Asset Management gained 1.3 billion Swiss francs (845 million euros) in new assets under management in the second quarter – compared to a 1.9 billion-franc outflow a year before.
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Pfizer’s Smith joins Marsh Mercer DB scheme
EUROPE – John H Smith, head of European pension investments at the 402 million-pound (610 million-euro) Pfizer Pension Scheme, has joined the 1.8 billion pound Marsh Mercer defined benefit pension scheme as director, corporate finance and investments.
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MLIM makes German institutional hire
GERMANY - Merrill Lynch Investment Managers has hired former J P Morgan sales executive Kai Volkmann to boost is German sales institutional team.
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US SEC acts in hedge fund fraud case
US – The Securities and Exchange Commission has acted against alleged fraud at a Pennsylvania-based hedge fund called Fountainhead.
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Asset manager hires pension fund
UK – Asset management firm AXA has tapped pension scheme-owned Hermes to run a set of passive funds.
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Janus says client to withdraw $5bn
US – An unnamed client is to pull five billion dollars (4.1 billion euros) from Janus Capital by the end of the year.
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Mercer’s strength offsets weak Putnam - MMC
GLOBAL – Marsh & McLennan says strength in its Mercer consulting arm and Marsh insurance unit offset weakness at asset management division Putnam in the second quarter.
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KAS Bank wins E484m Norcros custody brief
UK - Dutch custodian KAS Bank has won another global custody mandate in the UK, taking its institutional clients in the UK to 13.
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Singer & Friedlander’s Kunzer joins CSAM
UK – Richard Kunzer has left Singer & Friedlander Investment Management in the UK and re-joined Credit Suisse Asset Management.
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Czech minister seeks mandatory retirement saving
CZECH REPUBLIC - The draft pension reform plan will have to contain some form of mandatory retirement savings, according to Tomas Prouza, who was recently appointed Czech deputy finance minister with responsibility for pension reform.
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ABN Amro Dutch institutional exec joins F&C
NETHERLANDS - Rob Kamphuis, account manager for institutional clients at ABN Amro in the Netherlands, has left to join F&C Netherlands.
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OPRA CEO Hobman to head new UK regulator
UK – The current chief executive of the Occupational Pensions Regulatory Authority, Tony Hobman, has been named as CEO of its successor body the Pensions Regulator.
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CSAM hires Pictet’s Hayes for pooled pensions
UK - Credit Suisse Asset Management has named Jonathan Hayes as director and head of pooled pensions business development.
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J P Morgan to buy hedge fund admin firm Tranaut
GLOBAL – J P Morgan says it has agreed to buy privately owned hedge fund administration services firm Tranaut Fund Administration.