Regions

GLOBAL - State Street Corporation has appointed Ronald Logue as chairman and CEO, following the retirement of David Spina.

GLOBAL - Marsh & McLennan Companies (MMC) today said that it will merge the defined contribution administration business of Putnam Investments with Mercer HR Outsourcing to create a new full-service global human resources outsourcing firm.

UK - Pan-European hedge fund legislation will enable defined contribution scheme members to invest in the asset class within two years, Aon Consulting claims.

EUROPE - Europe's fund managers believe that hedge funds will increasingly dominate the market scene, outstripping traditional assets.

EUROPE - Southern Europe, Austria and the Czech Republic face the greatest threat from population ageing and far-reaching reforms are required across the region to avert the threat of economic decline, according to new research.

EUROPE - EU states should abolish the requirement that obliges investment managers to register their UCITS in each state in which the fund is sold.

Baring Asset Management (BAM) has recently won two new fixed income mandates and one new emerging markets equity mandate worth a total of £97m. Endurance Worldwide Insurance has awarded BAM a short dated bond mandate with the twin aims of capital preservation...

EUROPE - SEI Investments, the US-based asset manager, is set to make a big splash in the institutional pensions market in Europe.

EUROPE - Interest rate rises in the US will do nothing to quell the investment potential of eastern European emerging markets, fund managers say.

EUROPE - The chairman of the European Federation for Retirement Provision (EFRP) Alan Pickering has warned countries in the Nordic region not to "repeat mistakes" made in the UK with regard to pensions policy.