Global

AZL Vermogensbeheer - the asset management arm of Dutch financial services group AZL - has appointed Norbert Bol to the firm's executive board. Bol takes over from Huub Dumont, who continues as AZL president.

Marlborough Stirling has won a £35m deal from AXA Sun Life to implement a new processing and administration system for the company's pensions, life and investment products.

Australia's largest pension fund, the New South Wales (NSW) State Super Pooled Fund, has reappointed InTech Asset Consulting following a full-scale review of its investment advisory arrangements.

CalPERS, the giant $152bn pension scheme for California's public employees, has started its search for active managers to run approximately $1bn to $2bn in US corporate high yield and / or leveraged loan securities, as reported in March by IPN.

Fidelity Investments has been voted as best pan-European fund manager in the latest Thomson Extel survey 2001.

UK's Boeringher Ingelheim, the ethical pharmaceutical manufacturer, has reinstated Schroder Investment Management to handle its £80m defined benefit scheme.

Alain Schibl, managing director at CBI-UBP in London, has quit the company to set up his own asset management business, the name of which has yet to be confirmed.

WestAM, the $35 billion institutional asset management arm of WestLB, Germany's fourth largest bank, has bolstered its global high yield group with the appointment of John Lupton.

New York City's Office of Labor Relations (OLR), which runs the NYC Deferred Compensation Plan (DCP), will appoint a fund manager to run a $193m mid / large cap socially responsible investment (SRI) mandate in November.

The R13.6bn ($1.7bn) Transnet Retirement Fund in Johannesburg is set to review its non-domestic investment managers, according to the fund's chief executive officer, Ian Smith.