Investment

GERMANY - Deutsche Asset Management's Germany head has left the manager after more than 23 years to join Frankfurt rival, DekaBank's asset management arm.

EUROPE/US - BNP Paribas Asset Management is to acquire Boston-based wealth manager, FundQuest in a bid to increase its footprint in the global funds market.

EUROPE/US - BNP Paribas Asset Management is to acquire Boston-based wealth manager, FundQuest in a bid to increase its footprint in the global funds market.

BELGIUM - Vanguard Investments Europe has launched a new inflation-linked bond index fund on the back of increased demand from pension funds on the Continent for passive investment solutions.

FRANCE - BNP Paribas Asset Management has appointed Gilles Glicenstein head of asset management and chairman of BNP PAM SAS, the firm's main asset management arm, effective June 1.

US - BNP Paribas Asset Management has appointed Pierre Lapomme as CEO of its US business as part of its drive to increase its presence in the US markets.

CHINA - Hotspot Fxi, the electronic foreign exchange marketplace system for the institutional market has announced the opening of a new representative office in Beijing.

US - If plans to privatise part of Social Security are successful, the Thrift Savings Plan (TSP) is a likely model for the type of savings accounts that could result, according to the chairman of Standard and Poor's index committee.

AUSTRALIA - The Australian Securities and Investments Commission (ASIC), in conjunction with the Australian Prudential Regulation Authority (APRA), has issued a new Class Order that facilitates "intra-fund" superannuation member benefit transfers.

GLOBAL - Global real estate investment management firm CB Richard Ellis Investors has launched CBRE Global Real Estate Securities - an investment programme offering global securities investment and management services.