Regions

EUROPE - Fortis Group is on the verge of appointing Jaap Glasz as its new co-chairman.

UK/EUROPE - Mario Draghi is to join Goldman Sachs as a managing director, based in London.

GLOBAL - Sustained momentum in the private banking, retail, insurance, and asset management units of Swiss giant Credit Suisse Group, were not enough to stave off slumping performance in the firm's investment banking unit.

GLOBAL - American Express' fund management division was hit by a dramatic 95% fall in income during 2001, down to just $52m compared with the $1.03bn posted the previous year.

EUROPE - The European Commission has urged Spain to address the problem of its ageing population if it is to sustain any long-term economic stability.

EUROPE - On February 1, 2002 Crédit Lyonnais Asset Management will introduce two new exchange traded funds (ETFs) under the brand name SPDR Europe.

GLOBAL - Standard & Poor's, the provider of investable equity indices, announced yesterday that it has licensed Daiwa Bank to create a portfolio for a corporate pension fund based on the S&P/TOPIX 150 equity index, marking the first usage of the index...

EUROPE - F&C Management, the pan-European fund management house, is looking to launch three new hedge funds targeting institutional investors in the first instance.

EUROPE - The Isle of Man is challenging Luxembourg as an international pensions centre with the launch of its new pensions regime.

EUROPE - CDC IXIS Asset Management is opening up seven funds managed by its American subsidiaries to French, Italian, Swedish and German institutional investors.