Europe

UK - Consultants William M Mercer has hired Rosie Lacey as a senior communication consultant.

UK - Fund managers could be making ‘subjective evaluations' for up to 60% of a company's value, according to a report by the Institute of Chartered Accountants in England and Wales (ICAEW).

DENMARK - Nordea Asset Management & Life - the newly created unit of financial services firm Nordea - has finalised the structuring of its life and pensions division.

UK - London-based Morley Fund Management has hired David Tremblay as global chief operating officer.

UK - Threadneedle Investment posted an encouraging £800m worth of UK institutional business since the start of the year.

FRANCE - CDC IXIS Asset Management has targeted Italy with the launch of CDC IXIS Asset Management Italia SGR (Societa di Gestione del Risparmlo).

UK - The essential ingredient for outperformance among UK equity income fund managers over the year to October 1, 2001 has been experience, according to Standard & Poor's latest sector report.

UK - The Financial Services Authority (FSA) has published a paper seeking to evaluate pension regulation in the UK against the background of economic and financial theory, as well as ‘best practice' as seen from the standpoint of global experience.

UK - There has been a step-change in the levels of directors' pay and incentives at FTSE100 companies, with base salaries for executive directors rising by 12.8% in 2001, according to Pensions Investment Research Consultants' (PIRC) latest corporate governance...

UK - Alternative Investment Market (AIM), the London Stock Exchange's (LSE) international market for growing companies, has added five new companies to its ranks - a record for a single day.