Regions

UK/ASIA PACIFIC - Northern Trust's multi-manager business in the UK has appointed Singapore-based APS Asset Management (APS) to manage the Pacific Basin ex-Japan segment of the Northern Trust Multi-Manager Pooled Funds (NTMF) Pacific Basin section.

EUROPE - European Corporate Governance Service (ECGS), an alliance of the leading corporate governance research and advisory groups in Europe, has recommended support a shareholder resolution to be proposed at Ericsson's forthcoming AGM, on March 27 to...

GLOBAL - Deutsche Bank's $440m acquisition of real estate investment manager, RREEF, will boost its distribution and alternatives network but falls short of nudging Australian giant Lend Lease off top spot.

GLOBAL - Deutsche Bank has merged its worldwide property management companies into a single firm.

EUROPE - Swiss private bank Julius Baer has wheeled out a new international equity-based offering, adding to its Navigator fund family.

US/EUROPE - Deutsche Asset Management (DeAM) has agreed to buy the US-based real estate investment manager RREEF, from its European owners for a total of $490m.

EUROPE - Brussels again issued a warning on the delay around the "slow" progress of the pensions directive in view of the year-end deadline.  The update follows the meeting of EU economic and finance ministers in preparation for next week's Barcelona...

GLOBAL - The controversial accounting rules FRS17 and its international counterpart IAS19 should be scrapped as they do not "make any sense", according to Francis Ghiloni, head of sales and marketing at Britannic Asset Management.

EUROPE - Dutch superfunds, the EUR150bn ABP and EUR50bn PGGM, and multi-managers Frank Russell have become the latest members of the steering group of the Investor Risk Committee (IRC).

RUSSIA - ING Bank (Eurasia) is to boost its assets in custody by $2bn in Russia with the acquisition of Credit Suisse First Boston's custody unit, as CSFB looks to focus on its core businesses.