Global

Global custodian ABN Amro Mellon has made two key appointments to its sales team.

The UK government has taken steps to allay trustees' fears over compliance to regulations within the Data Protection Act.

William M Mercer has retained its position as the largest pension fund consultant in the United States, according to Nelson Information's latest survey of investment consultants.

William M Mercer has been appointed as consultant to the soon-to-be-launched Boxclever group pension scheme.

BISYS Investment Services, part of financial service group BISYS Group has been selected by Credit Suisse Asset Management (CSAM) to support the launch of a fund-of-funds product for both institutional and retail clients.

Mellon Investor Services (MIS) - part of the global Mellon Financial Corporation - has been appointed demutualisation conversion agent and transfer agent for the US$113bn Principal Financial Group (PFG).

The C$2.5bn (US$1.7bn) City of Montreal Pension Fund is set to tender for a manager to run a combined Brady bonds and high yield mandate in September, according to Johnny Quigley, the fund's controller.

Global Asset Management (GAM) has appointed Clare Dobie, formerly of Barclays Global Investors (BGI), as its new managing director, responsible for marketing.

Countries such as the US are looking towards the UK and Australia for ideas on how best to reform their social security programmes, according Watson Wyatt consultant David Harris.

South African retirement funds' performance has improved dramatically in the three months ending in June 2001, according to ABSA Consultants & Actuaries.