All articles by Perttu Jarvenpaa – Page 2
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Report reveals way ahead for European insurers
EUROPE – Geographical expansion and integration in the major developing economies of the world is seen as fundamental by large European insurance companies, according to a survey by consultants Arthur Andersen...
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UK finance directors pledge support for Myners
UK – Nearly two thirds (64%) of finance directors of some of the largest UK companies ‘broadly’ support the proposals of the Myners report on institutional investment in the UK, according to a survey commissioned by Barclays Global Investors (BGI)....
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UK £20bn electric fund in huge reorganisation
UK – The £20bn (e33.1bn) industry-wide occupational retirement plan for 26 electricity companies, Electricity Supply Pension Scheme (ESPS), has reorganised some £2.1bn of its assets....
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State Street to calculate securities lending risk
State Street has launched an online calculator providing investors with securities lending risk and return estimates...
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Sandler to review retail element in Myners report
UK – Ron Sandler, former chief executive of Lloyd’s bank and chief operating officer of NatWest Group, has been appointed by the British government to conduct the review into the retail end of the long-term savings industry, as recommended by the Myners report on institutional investment earlier this year...
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Mellon names new vice-chairmen
US - The board of directors at Mellon Financial has named Steve Canter, chairman and chief executive officer of Dreyfus, a subsidiary of Mellon, and Ronald O’Hanley, president of Mellon Institutional Asset Management, as vice-chairmen...
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FESCO agrees draft charter for European regulation
EUROPEAN UNION – FESCO, the Forum of European Securities Commissions (FESCO) has agreed on a draft charter to compliment the operational arrangements laid down in the Lamfalussy report for a Committee of European Securities Regulators...
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Swedish white-collar workers reject DC plans
SWEDEN – Swedish labour unions have rejected a proposal by Svenskt Näringsliv, The Swedish Confederation of Enterprise, to introduce defined contribution (DC) plans for all private sector white-collar workers....
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Stakeholder 'unviable and expensive', says expert
UK – Public-private partnerships in pensions – namely the recently introduced stakeholder pensions - threaten to become both administratively unviable and expensive, according to professor Noel Whiteside of the University of Warwick....
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Euro is a threat to UK small caps, says industry
UK/EUROPE – The majority of UK fund managers, broker analysts, and smaller companies believe that small cap UK companies will not benefit from joining the European Monetary Union (EMU), according to a Reuters survey, conducted by London-based Tempest Consultants.
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Spain's MEFF places futures & options on S&P 350
SPAIN/US – The Madrid based futures and options bourse Mercado Oficial de Futuros y Opciones Financieros (MEFF) will tomorrow (June 21) launch stock index futures and options contracts on the S&P Europe 350 index...
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Dow Jones raises emerging markets free float cover
The coverage of emerging stock markets in Dow Jones’s worldwide index has been increased to 95% of free float market capitalisation from its former 80% level....
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Misson to market Citibank custody in N.W. Europe
FRANCE/BENELUX – Thierry Misson has been appointed as regional market manager for North Western Europe at Citibank Worldwide Securities Services (WWSS)....
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Wassum mulls over move into Denmark
DENMARK/FINLAND – Swedish investment consultancy Wassum is planning a possible move into the Danish market with the opening of a Copenhagen office, according to Mats Langensjö, consultant and managing director at Wassum in Stockholm....
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BITA Plus unveils new risk control software
Investment management software provider, BITA Plus, has introduced a new portfolio analysis system to assist asset managers in risk control and back testing....
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US managers not waylaid by markets, says Mercer
US - Despite the current worldwide down turn of the stock markets, US investment managers are largely staying on course rather than changing their business strategy, according to a recent survey by consultants William M Mercer....
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EU pension proposal by spring 2002, says Council
EUROPEAN UNION – A European plan for pension reform could be put forward for consideration as early as spring 2002, according to the European Council....
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Morley lands £1bn Marconi fund assets
UK – Communications group Marconi has appointed Morley Fund Management to run a £1bn (e1.63bn) bond portfolio on behalf of its UK pension plan.
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Washington launches new European hedge fund
EUROPE – Adrian Farthing has been appointed by the Washington Financial Group to manage its new European hedge fund targeted at European, UK and US offshore institutional investors and funds of funds....
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Dutch pension giant appoints State Street
NETHERLANDS – The e150bn public sector pension fund ABP has appointed State Street to provide investor services and global securities lending for US$21bn (e24.5bn) in US and Japanese assets.
