Regions

Global Pensions wishes to make it clear that the story published on February 1 with the headline ‘EAI to disband by 2010' referred to the Enhanced Analytics Initiative, and not Evaluation Associates, the US-based wholly-owned subsidiary of Milliman Inc....

GLOBAL- A new defined contribution analysis provider, PensionDCisions, has received further financing and expanded its team in preparation for a global roll-out of its services.

PAKISTAN - The Pakistani prime minister Shaukat Aziz has come out in support of Credit Suisse, which announced plans to launch operations in the country.

GLOBAL - Index provider MSCI Barra's plan to update and upgrade the methodology behind its investable indices, adding 28,000 new indices in the process, was formally announced today.

EMEA - Leonard Fischer, who was made CEO for Europe, Middle East and Africa (EMEA) last December, has left Credit Suisse with immediate effect to take up a position outside the banking world.

EGYPT - Robeco said it will enter the Egyptian market through a convertible loan arrangement with local firm Obelisk, which can be exchanged for a 49% stake in the company's equity.

GLOBAL - The fee structures of asset management firms are a threat to their own survival, claimed an article in Watson Wyatt's Global Investment Review 2007.

KENYA - Kenya is looking to the Sh210bn (US$3bn) pensions industry to fund the country's infrastructure and domestic needs in partnership with the International Finance Corporation (IFC) and World Bank.

EUROPE - The European Parliament's Employment Committee has endorsed a proposed directive to enable workers to take their supplementary pensions with them as they move between and within member states.

Kazakhstan - SNC-Lavalin and Capital BearingPoint have been hired by the state-owned accumulation pension fund GNPF to consult on and support preparations for its privatisation under an Institution Building Programme.