Regions

THE NETHERLANDS - Independent mortgage portfolio advisor Prommise has completed a management buyout from consulting partnership Da Vinci in a bid to roll out its services across Europe.

GLOBAL - The global economy is showing some signs of recovery, but it is not coming through as quickly as many investors had anticipated, Schroder claims.

GLOBAL - The Japanese equities market must be treated with caution until the US economy has recovered fully, fund managers warn.

GLOBAL - Should terrorists strike again, financial services firms may find their disaster recovery plans lacking - ignoring lessons learnt from the tragic events of September 11 which this week marks its first anniversary.

GLOBAL - Europe's recovery continues to sag especially in the region's traditional powerhouse, Germany, according to the latest research from Barclays Global Investors.

GLOBAL - Consultants and fund managers are urging pension schemes to invest in emerging market equities.

UK/EUROPE - Mercer Investment Consulting has expanded its UK team with the appointment of Chris Gill as a European principal and senior consultant and Steve Herbert as senior consultant.

GLOBAL - Paul Bateman, currently head of JPMorgan Fleming Asset Management for Europe, Asia and Japan, has been appointed as the firm's global chief executive officer, effective October.

GLOBAL - Schroders has appointed Richard Horlick as the new global head of institutional business.

UK/EUROPE - Rating agency Standard & Poor's will hold corporate credit risk analysis workshops in London, Paris, Zurich, and Frankfurt from October to December.