Global

The Isle of Man Insurance and Pensions Authority has appointed Michael Lightfoot as marketing executive to assist in the island's development as a centre for international retirement benefit schemes.

Quebec's giant pension fund, the C$125bn (US$82bn) Caisse de dépôt et placement du Québec (CDP), has invested C$5m (US$3.25m) during the T2C2/Bio 2000 investment fund's second round of financing.

Financial services firm Jupiter International Group has hired Stephen Pearson to its European team in a bid to develop the firm's hedge fund business.

Patrick Pagni has been appointed deputy to the chairman and CEO of Trust Company of the West (TCW) - the US asset management company acquired by French firm Société Générale Asset Management (SGAM) earlier this month.

The Singapore government has decided not to increase the employer central provident fund (CPF) contribution rate to 20% at the end of this year.

Friends Ivory & Sime, the London-based multi-specialist asset manager, is relocating its Edinburgh office.

PricewaterhouseCoopers yesterday announced its acquisition of a 30% share in Callund Consulting, a UK based pension consultancy providing specialist advice to governments worldwide on the reform of national pension and health schemes.

Fixed income specialist PIMCO Europe has bagged two new specialist investment grade US bond portfolios worth a total of EUR300m from the pension fund for Italy's largest banking foundation, Fondazione Monte dei Paschi di Siena (MPS).

Aerospace manufacturer Boeing will lose Gary Bland, head of the company's pension funds, when the firm moves to Chicago.

Goldman Sachs Asset Management International in London is to strengthen its plan sponsor business with the appointment of Sally Marshall as executive director of UK institutional business, with effect from September 3, 2001.