PFA, Pensioenfonds UWV, UK Pensions Regulator, Actuarial Association of Europe, KAS, Société Générale Securities Services, BNP Paribas Investment Partners, Capital Group, Pioneer, J O Hambro, Lincoln Pensions, Finisterre Capital
PFA – Henrik Heideby has resigned as chief executive after more than 13 years, sparking a search by the largest Danish pensions provider for his successor. He resigned to take on more directorships and provide strategic advice. The DKK425bn (€57bn) provider said Heideby planned to leave at the end of the year. The board said it had begun searching for a replacement and would appoint someone before the end of 2014.
Pensioenfonds UWV – Peter Ploegsma, employer’s chairman of the €5bn pension fund of UWV, provider of employees’ insurance, has announced his departure on 1 December, following a change of employer. Ploegsma has been chairman for two and a half years. The pension fund’s board said it had entered discussions with the UWV about the appointment of a successor.
UK Pensions Regulator (TPR) – Fred Berry has been appointed to the newly created role of lead investment consultant. Berry joins from Mercer, where he was a principal in its investment business. The newly created role adds to the regulator’s expertise in both defined benefit and defined contribution investments, it said.
Actuarial Association of Europe (AAE) – Michael Renz has been elected chair of the AAE, starting his one-year tenure last month. Renz was also chairman of the German Actuarial Association between 2009 and 2011. Philip Shier of Ireland was elected vice-chair. Christoph Krischanitz of Austria and Falco Valkenburg of the Netherlands were re-elected as chairs of the investment and financial risk committee and pensions committee, respectively, both for three years.
KAS Bank – Petri Hofsté and Peter Borgdorff have been nominated as supervisors for the Dutch bank by its supervisory board. Their appointment will be ratified at an extraordinary general meeting later this year. The supervisory board said it aimed to appoint Borgdorff as chairman. Hofsté brings experience from KPMG and ABN Amro, as well as APG and De Nederlandsche Bank (DNB), where she was chief financial risk officer. Borgdorff is director of PFZW and was previously a director of the Dutch association of industry-wide pension funds. Both nominees are independent of KAS Bank, and the DNB has given its approval.
Société Générale Securities Services (SGSS) – Pascal Jacquemin has been appointed chief executive for the French bank’s German securities business. He replaces Frédéric Barroyer, who will be moved to another position within the company, the bank said. He started in his role in September and will report to global head of SGSS Bruno Prigent.
BNP Paribas Investment Partners – Colin Harte has joined the French asset manager as a portfolio manager in its multi-asset team. He will report to CIO Colin Graham, head of the tactical asset allocation and research team. Harte spent 11 years at Baring Asset Management as director of fixed interest and currency. He has also been at Gartmore Investment Management and Norwich Union Investment Management, which became Aviva Investors.
Capital Group – Álvaro Fernández Arrieta and Mario González Pérez are to head up the investment manager’s new office in Madrid as business development managers. Capital Group is a US-based manager with $1.4trn (€1.1trn) in assets. Fernández Arrieta joined from French manager Amundi Asset Management in July. González Pérez has been with Capital for more than 10 years.
Pioneer Investments – Morten Simonsen has been hired to lead Pioneer’s new office in Denmark, joining as head of sales. Simonsen joins from PineBridge Investments in London, where he was head of the Nordic region. Prior to this, he was head of institutional sales at Alfred Berg Asset Management.
J O Hambro – Bogdan Popescu as been hired as director of European sales for French-speaking Europe. He joins from Hilbert Investment Solutions, where he was head of marketing and client solutions. He has also had spells at Skandia Investment Group and East Capital Asset Management.
Lincoln Pensions – Matthew Harrison has been appointed managing director of the covenant advisory firm, joining in December from EY, where he was director of its pensions advisory business. Lincoln Pensions, a wholly owned subsidiary of US group Lincoln International, recently rebranded its UK operations, leading to the addition in its management structure.
Finisterre Capital – Christopher Buck has joined the asset manager as head of credit research. He joins from Barclays Capital, where he was head of corporate credit research for Latin America
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