People – Page 204
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News
Morley hires ex-Schroders head of UK equities
UK- Morley Fund Management has hired Bill Baker to run a range of UK pooled and segregated pension funds. Baker joins as a senior member of the 11-strong UK equities team in September and will report to Mike Bishop, head of pan European equities.
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Merrill Lynch IM adds to its global equities team
UK- Merrill Lynch Investment Managers has appointed Peter Abbott as a fund manager in its global equities team. Abbot joins next month from Newton Investment Management and will report to Ian Rowley, head of global equities.
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Investec hires new head of client relations
UK- Investec Asset Management has hired Belinda Morrisey to fill its newly-created position of head of client relations. She reports to Mark Samuelson, global head of institutional business development and Andrew Peake, head of UK client service.
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Threadneedle builds its corporate bond division
UK- Threadneedle Investments is adding to its corporate bond team with three new hires. Trudie Pearce, Paul Kirtley and Victoria Port will join the 20-strong fixed income division over the next three months and report to head of fixed interest Robert Stirling.
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Martin Currie poaches Berry from R&SA
UK – Edinburgh-based independent fund manager firm, Martin Currie Investment Management, has appointed David Berry as a fund manager to its UK growth and income team. Berry joins from Royal & SunAlliance Investments where he spent less than a year also as a manager of income products.
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MLIM appoints UK pension fund relationship manager
UK- Merrill Lynch Investment Managers has appointed Steven Blackie as relationship manager for UK pension funds. He will report to Sarah Aitken, head of UK institutional relationship management at MLIM.
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New Star hires HSBC's head of alternatives
UK- New Star has hired HSBC’s head of alternative investments Charles Tritton to run its hedge fund business which currently has $700m under management.
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Moon joins LPFA in independent advisor role
UK- The £3bn London Pension fund Authority has appointed its second independent advisor in three months following the publication of Paul Myners’ report.
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BVI joins critics of Riester occupational pensions
GERMANY – The new Riester occupational pension schemes need to be more flexible and simplified if they are to be a success according to Udo Behrenwaldt, a spokesman for the board of the BVI, the German asset management association.
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Fidelity replaces Jupiter at Nortel scheme
UK – The £1.4bn (€2.2bn) Nortel Networks UK pension fund has appointed Fidelity Investments to run a specialist £137m UK equity portfolio. Fidelity replaces Jupiter Asset Management which was dropped by the pension fund last month. The mandate will be benchmarked against the FTSE All Share index.
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FEFSI names Mansfeld as new president
EUROPE / GERMANY - The Brussels-based Fédération Européenne des Fonds et Sociétés d'Investissement (FEFSI), the pan-European federation of investment managers associations and companies, has appointed Wolfgang Mansfeld as its new president.
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Axa adds to its specialist equity team
UK – London-based Axa Rosenberg Investment Management has appointed Gordon Strachan as a UK portfolio manager to its specialist equity management team.
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FIS appoints new head of institutional business
UK – London-based asset manager Friends Ivory & Sime (FIS) has appointed Robert Mathews as head of institutional business. Matthews will replace Paul Richards, who is leaving to join Goldman Sachs Asset Management.
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Mellon names McKay as business development head
UK- Mellon European Fund Services has appointed George McKay as director of business development. Based in London, McKay will be responsible for new business and client relationship management.
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Beck replaces Kent as ESF chairman
UK- Joan Beck has been named as a replacement to Pen Kent as chairman of the European Securities Forum, a group of banks pushing for cheaper cross border clearing and settlement across European exchanges.
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European ETF market up 29% in 2002
EUROPE – Assets invested in European exchange traded funds (ETFs) have grown 29% in the last six months from $5.6bn (€6bn) to $7.9bn (€8.5bn), according to the latest figures just published by Morgan Stanley Dean Witter. Globally, ETF assets under management rose 17% from $104.7bn (€112.4bn) to $122.3bn (€131.3bn).
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Ex-Rothschild fixed income head joins Morley
UK- Morley fund Management has appointed Rothschild Asset Management’s former head of fixed income Ceris Williams as head of sovereign bonds. Williams will report to Peter Rains, head of fixed income and treasury, when he joins in September.
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Lindstrom branches out into portfolio management
SWEDEN- Swedish Consultant Bohman & Lindstrom, formerly known as Lindstrom & Partners, is broadening activities from straightforward advisory services and taking more responsibility for client’s portfolios with the launch of what it calls PAF, or Portfolio Assembling Factory.
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UK woman loses test case against government
SOUTH AFRICA/UK- A British pensioner living in South Africa has lost a test case against the Secretary of State for Work and Pensions to instate an annual increase in the rate of all expatriates’ pensions in line with inflation.
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AP6 and Nordico Invest launch Nordic venture fund
SWEDEN – Swedish state pension fund, AP6, is to merge one of its business units, Industrial Equity, with Swedish private equity outfit, Nordico Invest, to create a new venture fund for medium-sized companies in the Nordic region.