Regions

GLOBAL - Inflows into BNP Paribas' asset management and services rose 46% in the first quarter of 2006.

GLOBAL - Investec Asset Management posted strong results for the year ended 31 March, 2006, as assets under management (AuM) grew over 38% to £31.7bn.

GLOBAL - Société Générale Asset Management (SG AM) recorded net inflows of e12.4bn in the first quarter of 2006, with assets under management reaching e338.8bn.

Henderson and Aberdeen, who each managed 50% of the £636m Westminster City Council pension fund, have both lost balanced mandates worth approximately £318m.

GLOBAL - Mellon Financial Corporation has purchased Walter Scott & Partners, the equity investment firm with £14.3bn in asset under management, for an undisclosed sum.

GLOBAL - The acquisition of UK fund management group Gartmore appears to be near at hand, with private equity firm Hellman & Friedman (Hellman) tipped to be putting up a final offer.

GLOBAL - T. Rowe Price has appointed Murray Brewer as country head of Australia and New Zealand.

GLOBAL - T. Rowe Price Global Investment Services has appointed Stephen Millar as a consultant relations manager, responsible for Europe, Middle East and Africa.

GLOBAL - Legg Mason's assets under management (AuM) more than doubled to US$868bn for the year, mainly due to its acquisition of Citigroup Asset Management (CAM) in December.

GLOBAL - Employers can ease the burden of pension plan administration by implementing web-based system, Watson Wyatt Worldwide has claimed.