Global

Aberdeen Asset Management is set to boost its property funds under management to almost £6bn with the takeover of Rreef Property Asset Management.

The C$2.6bn (£1.17bn) Montreal based Abitibi-Consolidated Pension Fund may put three mandates out to tender at the end of the year, according to the fund's pensions director, Larry Johnson.

Wisconsin's state investment board is looking to hire a new chief investment officer of public equities to replace Joseph Gorman who has decided to retire.

Morley Fund Management has boosted its research team with the appointment of Tanya Clarke.

Saman Majd has been appointed chief executive of global institutional and retail business, at Deutsche Asset Management.

Aberdeen Asset Management has come under fire for the way its deal with Life Assurance Holding Corporation was conducted.

Evli Securities, the investment bank and fund manager based in Helsinki is set to open an office in Luxembourg.

Kevin Dougherty has been appointed as Sun Life Financial's new Canadian vice president for group retirement services.

The Flintshire County Council Clwyd Pension Fund has appointed Baring Asset Management and Fidelity Pensions Management for two specialists briefs.

Almost half of companies in the UK have decided to offer a stakeholder pension scheme, according to a recent survey conducted by Bacon & Woodrow.