Global

GLOBAL - German engineering company Siemens has awarded ABN AMRO Mellon a E15bn mandate to provide global master record keeping services to its major pension funds worldwide.

THE NETHERLANDS - Independent mortgage portfolio advisor Prommise has completed a management buyout from consulting partnership Da Vinci in a bid to roll out its services across Europe.

GLOBAL - The global economy is showing some signs of recovery, but it is not coming through as quickly as many investors had anticipated, Schroder claims.

GLOBAL - The Japanese equities market must be treated with caution until the US economy has recovered fully, fund managers warn.

GLOBAL - Should terrorists strike again, financial services firms may find their disaster recovery plans lacking - ignoring lessons learnt from the tragic events of September 11 which this week marks its first anniversary.

GLOBAL - Europe's recovery continues to sag especially in the region's traditional powerhouse, Germany, according to the latest research from Barclays Global Investors.

GLOBAL - Consultants and fund managers are urging pension schemes to invest in emerging market equities.

GLOBAL - Paul Bateman, currently head of JPMorgan Fleming Asset Management for Europe, Asia and Japan, has been appointed as the firm's global chief executive officer, effective October.

GLOBAL - Schroders has appointed Richard Horlick as the new global head of institutional business.

GLOBAL - Partners Group, the independent alternative asset manager, has held of an initial closing of its Premier fund, with commitments of E137m.