All articles by Perttu Jarvenpaa – Page 8
-
News
Swedish municipality awards SEK320m in mandates
SWEDEN – The council of Danderyd’s municipality within greater Stockholm has split its investment assets into two roughly equal global balanced mandates....
-
News
Philips' e15bn Dutch fund appoints State Street
NETHERLANDS – Holland’s third largest Dutch corporate retirement scheme, the e15bn Philips pension fund has appointed State Street to provide global investment and securities lending services....
-
News
Deutsche Börse ETFs cover 70% of European market
GERMANY – Deutsche Börse’s exchange-traded funds (ETF) now cover almost three quarters (70%) of the European trade in the relatively new investment vehicles....
-
News
San Paolo IMI CIO joins e7.5bn foundation
ITALY – Davide Tinelli, formerly chief investment officer at Milan based San Paolo Imi Institutional Asset Management, has taken up the position of chief financial officer at the e7.5bn foundation Compagnia di San Paolo....
-
News
87% rise in UK pensions allocation to venture
UK – Investment by UK pension funds in venture capital rocketed by 87% over the year 2000 to reach a level of £817m, according to the British Venture Capital Association’s (BVCA) annual investment activity report....
-
News
SEB name change could herald Swedbank merger
SWEDEN – As a prelude to a possible merger between Swedish banks, Svenska Enskilda Banken (SEB) and FöreningsSparbanken (Swedbank), the former has removed paragraph 12 from its articles of association, which stated that the bank could not change its name – a precursor to any merger deal....
-
News
SEI adds Invesco to European multi-manager roster
EUROPE - US multi-manager firm SEI Investments has added Invesco to the line-up in its European manager-of-manager product....
-
News
Fidelity bags two Russell multi-manager briefs
EUROPE - Fidelity International has been selected to manage two moderate growth core portfolios within Frank Russell Company’s manager-of-managers structure....
-
News
Ebenston takes top Citibank asset manager slot
UK - Susan Ebenston has been appointed to the newly created position of global head of insurance and asset managers at Citibank Worldwide Securities Services...
-
News
Luxembourg's Ebica expands pensions business
LUXEMBOURG – Kirchberg based consulting and administrative services provider for international pension funds, Employee Benefit International Consulting and Administration (Ebica), has opened its capital to a new shareholder, in order to offer a wider range of services.
-
News
New giant pension asset manager enters euro field
EUROPE - Foreign & Colonial Management has combined forces with Dutch pensions manager Achmea Global Investors and Portuguese investment house AF Investimentos to form F&C, the sixth largest pension asset manager in Europe...
-
News
BoNY buys NatWest's institutional custody business
UK/US - NatWest Bank, part of Royal Bank of Scotland, has agreed to sell its institutional custody and administration business to Bank of New York. The price of the sale has not been disclosed....
-
News
IG Metall to start talks on sector fund in autumn
GERMANY – Talks about a pension scheme for the 2.8m member German metal workers’ sector could already start this autumn, says Klaus Stieferman, managing director of the Heidelberg based ABA pensions association...
-
News
Scottish Widows' institutional business re-jigging
UK - Scottish Widows Investment Partnership is reorganising its institutional business by bringing it all into one division under Chris Walker, the newly appointed director of its institutional division...
-
News
Invesco appointed to £25m European and Asian brief
UK - The £120m pension fund for automotive components distributor Dana Spicer Europe, subsidiary of Dana Holdings, has appointed Invesco Asset Management to a £25m European and Far Eastern mandate...
-
News
Northern Trust gets a £11m multi-manager brief
UK – The pension fund for leather manufacturer and exporter Scottish Tanning has awarded Northern Trust Global Investments (NTGI) Europe a £11m (e17.6) multi-manager mandate. The brief is a global one, covering UK and overseas equities and UK bonds. Scottish Tanning is advised by William M Mercer.
-
News
Norway proposes DC law amendments
NORWAY – The Ministry of Finance has issued a raft of proposed adjustments to the law on defined contribution (DC) pension schemes that came into force at the beginning of the year....
-
News
Pension reform delay could lead to stagnation
EMU – Postponement of pension reform in the euro area could result in deterioration of economic performance, lower living standards and even higher fiscal burdens for future generations, says the annual report of the European Central Bank (ECB)...
-
News
Bolkestein rejects European Parliament's approach
EUROPE – The European Commission rejected last night a three-way agreement with the European Parliament and the Council on the Lamfalussy report on securities regulation in a letter to the Economic and Monetary Affairs Committee.
-
News
Church of England clergy pensions need cash boost
UK – Increased life expectancy among the Church of England (C of E) clergy is driving up the contribution rate to maintain current levels of pension benefits. The church needs an extra £12m a year to cover the retirement costs of the clergy’s pensions scheme, according to its interim actuarial ...
