Global

US - State Street Corporation has promoted Jay Hooley from vice chairman and head of global investment servicing, trading and research businesses to president and chief operating officer.

GLOBAL - Pension schemes could soon rate emerging market fund managers on their attitude to environmental, social and governance (ESG) issues through work by Mercer and the International Finance Group (IFC).

Hefty bonuses for executives of poorly performing companies have angered pension funds which have seen the value of their shares plummet.

INCLUDING: Netherlands - ING IM Europe CIO announced; UK - Pearl Group appoints CEO; CYPRUS - Hewitt boosts Cyprus team

INCLUDING: UK - Global service manager for Northern Trust; AUSTRALIA - ASIC appoints CEO; UK - Linklaters pensions practice expands

GLOBAL - Fears Europe is not as decoupled from the US slowdown as once thought may be behind a fall in investor confidence across the continent, according to State Street Global Markets.

GLOBAL - Experts have questioned the usefulness of research by the University of Cambridge which shows a direct correlation between levels of testosterone and cortisol present in traders' bodies and the profits they make.

GLOBAL - Tough markets, blurring lines between investment product providers and the continued polarisation of alpha and beta present a significant threat to asset managers, according to research from McKinsey & Company.

INCLUDING: Korea - Standard & Poor's ups Korean coverage; Middle East - Citigroup expands services to region; UK - Deutsche Bank lists money market ETFs

GLOBAL - US listed ETF providers have been the latest to feel the credit crunch pinch as assets under management (AuM) have taken a tumble in recent weeks.