Global

Standard & Poor's (S&P) has appointed Kevin Matthews as market development director of its European institutional market services arm.

Baring Asset Management (BAM) has appointed Simon Hallett as senior European investment manager in its equity team.

Old Mutual Asset Managers (OMAM) and Umbono Asset Managers in South Africa have formed an alliance to form a new black empowerment group.

As revealed exclusively by International Pensions News in February CitiStreet has been chosen as the custodian for the Florida State Board of Administration's (FSBA) new defined contribution (DC) plan.

Legal & General Investment Management (LGIM) has boosted its bond section with the appointments of Andrew Clare as economist and Robert Barnard-Smith as senior fund manager.

Specialist thematic fund manager Sarasin Investment Management has launched a new global equities ex UK fund.

Frank Russell has won a £60m European equity mandate from the UK-based pension fund of food products manufacturer, Ranks Hovis McDougall (RHM).

A major overhaul of the NAPF's funding structure has been pledged by new chairman Peter Thompson.

An increasing number of UK companies are helping top executives beat the pensions earning cap, a survey by William M Mercer shows.

AXA Investment Managers has become the first major UK fund manager to charge its pension fund clients a flat fee for investment and stockbroking services, and thereby adopting one of the main recommendations of the Myners' report.