Global

Figures released by the Association of British Insurers show that in 1999 £500bn was invested in UK insurance-administered individual and occupational pensions, up 18% on the previous year.

Robert Crispin has been appointed president and chief investment officer of ING Investment Management (IIM), Americas.

The UK's Engineering Construction Industry has appointed Scottish Widows as its stakeholder provider.

Northern Trust Global Advisors has appointed Margaret Towle as chief investment officer and Bill Huffman as chief operating officer, to be based in the US.

Merrill Lynch Investment Managers (MLIM) is to sell off its Los Angeles business to its executives and will relocate the remaining operations and staff to London or Princeton, New Jersey.

Merrill Lynch has appointed Adam Horowitz as the new chief executive for the company's South African operation.

Aberdeen Murray Johnstone Private Equity has appointed Dominic Courtman as assistant director in its Leeds office to work on new investments.

Mellon Financial Corporation in the UK has announced the formation of a new investment leadership team for its global investments subsidiary, Newton group.

The Edinburgh Investment Trust is to appoint Richard Barfield as a director of the company.

The £900m Durham County Council Pension Fund has chosen Standard Life and Prudential Portfolio Management as additional voluntary contributions (AVC) providers to run alongside existing stakeholder Equitable Life.