Europe

EUROPE - Morley Fund Management has appointed Nick Alford as European chief operating officer (COO).

US/UK - Hedge fund multi-manager Arden Asset Management (Arden) is targeting European-based fund managers with its plans to open a London office in 2002.

UK - The Financial Services Authority intends to be a reforming regulator constantly on the lookout for changes which will reinforce its statutory objectives, FSA chairman Howard Davies said yesterday.

UK - Massive salary rises for senior executives in the food and drug retail sector are highlighted in a new report from proxy voting agency, Manifest.

UK - The government is prepared to pass legislation to ensure that pension schemes respond to the Myners report by spring 2003, the NAPF's autumn conference was told last week.

UK - Although unemployment figures in the UK have increased for the first time since 1992, recession is unlikely according to Marc Breutsch, head of economic research at Swiss Life Asset Management.

UK - RBC Global Services, Institutional & Investor Services (IIS) has appointed Simon Coleman as director of operations in London.

UK - Peter Stanyer said in the High Court yesterday that he did not think it was true that Mercury Asset Management (MAM) believed it should tailor risk profiles for clients even though he had written a note to that effect.

UK - The £6.5bn BBC pension scheme has appointed two new managers and topped up the mandates of two of its existing bond managers - in the process removing £680m from Schroder Investment Management.

UK - Technology stocks are showing strong signs of a sustained recovery, leading fund managers claim.