United Kingdom

UK - Credit Suisse has appointed Fawzi Kyriakos-Saad to the newly-created position of emerging markets CEO in the Europe, Middle East and Africa (EMEA) region.

UK - Societe General Asset Management is to launch a UK-domiciled "equities global alpha" fund next month aimed specifically at small to medium-sized UK pension funds.

MALTA - The provisions of the pensions reform bill have been moved into committee stage, with 29 votes in favour and 25 against.

UK - Goldman Sachs is thought to be the latest firm looking to enter into the increasingly competitive corporate pensions buy-out market in the UK.

UK - Financial services consultant Mercer Oliver Wyman has stated that the National Pension Savings Scheme (NPSS) "will not close Britain's £27bn savings gap".

UK - Fund manager Hermes Pensions Management has appointed Roger Gray (pictured) as its new chief investment officer. Gray replaced Nick Mustoe, who left Hermes in May to take up the role of CIO equities at Pictet Asset Management.

UK - Hazel Pitchers is to join Merrill Lynch Investment Managers (MLIM) as head of institutional marketing for Europe, Middle East and Africa (EMEA).

UK - ABN AMRO Asset Management has appointed Deutsche Asset Management's Paul Gray as senior portfolio manager to handle the day to day management responsibilities in its currency team.

UK - The Pension Protection Fund (PPF) has contracted Credit Suisse to create a bespoke credit portfolio model and also Moody's KMV to provide correlation data.

UK - Running personal accounts with dynamic investment options at a cost of 0.3% of funds under management - as suggested by the Turner report on pensions - was "unrealistic", according to experts in the industry.