Regions

GLOBAL - UBS Global Asset Management today announced several new senior management changes.

EUROPE - Aon Consulting has replaced Mercer and Hazell Carr as provider of actuarial and consultancy services for three pension schemes of the HooverCandy Group.

GLOBAL - ISIS Asset Management has cut back its overweight exposure to global equities within its multi-asset portfolios.

EUROPE - The outgoing EU commissioner of economic and monetary affairs Pedro Solbes said that structural reforms such as pension reforms were crucial for Europe at the current juncture.

EUROPE - The Committee of European Securities (CESR) has appointed Lamberto Cardia, chairman of the Italian securities regulator, as chairman of CESR's expert group on Investment Management .

EUROPE - The Committee of European Securities Regulators (CESR) has launched a consultation paper aimed at establishing how regulators can ensure consistency in the implementation of the European Financial Services Legislation.

EUROPE - In a bid to facilitate the cross-border operation of UCITS, the European Commission is proposing "close co-operation" with EU regulators to bring national rules of UCITS depositories closer into line.

GLOBAL - The shareholder voting stand-off that resulted in Walt Disney Company CEO Michael Eisner resigning as chairman of the company's board may be just the opening shot in a new campaign for active proxy voting.

EUROPE - The European private equity and venture capital industry saw the start of a return to confidence in the second half of 2003.

ISRAEL - The Israeli ministry of finance (MoF) has set to work in the privatisation of three new pension funds, removed from the Histadrut labour federation's control in 2003.