Regions

EUROPE - Morley Fund Management has appointed Nick Alford as European chief operating officer (COO).

GLOBAL - Aberdeen Asset Management is to open shop in South Africa in four months time.

GLOBAL - Merrill Lynch Investment Managers (MLIM) has appointed Brian Murdock as global head of fixed income and alternative investments.

EUROPE - KAS Bank is the first general clearing member of Euronext that is able to provide clients of the three underlying Euronext exchanges with its services from one portal instead of from three different connections, according to the bank.

EUROPE - European equity investors should be looking at a five-year period before cashing in their holdings, according to Gartmore.

SOUTH AFRICA - Over the last three years listed property has proved to be a better investment than bonds and equities, according to multi-manager Investment Solutions (IS).

KENYA - The KES4.25bn (£38.3m) Central Bank of Kenya Pension Fund has outsourced the management of all its assets to global financial services firm AIG.

EUROPE - Deutsche Asset Management (DeAM) has poached Steen Jørgensen from Schroder Investment Management (SIM) as head of institutional sales for the Nordic region, based in Stockholm.

THE NETHERLANDS - The gulf between the organisational and governance structures of larger Dutch pension plans and their smaller counterparts is widening, with around 40% of all small funds and 30% of all mid sized funds never having changed their managers,...

ASIA - The fall in South East Asian regional markets by nearly 45% in sterling terms over the past five years has proved a testing background for fund managers, according to the latest report by Standard & Poor's (S&P's).