Global

GLOBAL - Employee benefits consultancy Gissings has been appointed as global pensions adviser to industrial diamond and materials supplier Element Six for its plans in Ireland, South Africa, the Isle of Man and the UK.

GLOBAL - Confidence in a global recovery has surged leading many institutional investors to increase their risk appetites and eye asset opportunities in emerging markets and Japan.

CENTRAL/EASTERN EUROPE - Pension reforms in post-communist states may be jeopardised by unsustainable economic growth, a shortage of fund managers and a lack of investment instruments, according to one leading expert.

CENTRAL/EASTERN EUROPE - Pension reforms in post-communist states may be jeopardised by unsustainable economic growth, a shortage of fund managers and a lack of investment instruments, according to one leading expert.

GLOBAL - Fund managers' global assets have remained stable despite falling markets, research from Watson Wyatt reveals.

GUERNSEY - Newton Investment Management, a unit of Mellon Financial Corporation, has appointed Tony Crawley as managing director of its Guernsey operations.

GLOBAL - Misys Asset Management Systems has appointed Matthew Baldwin as manager, international sales group.

DUBAI - The Dubai International Financial Centre has appointed Lynton Jones chairman of its proposed Dubai Regional Financial Exchange.

GLOBAL - Two major international consulting firms have sought to distance themselves from other investment consultants in the industry by speaking out against the conflicts of interest involved when consultants offer manager-of-manager services.

GLOBAL - Another fund manager is to offer asset allocation consulting services, fuelling the fierce debate over the increasingly blurred lines between consultants and fund management houses.