Regions

EUROPE - John Simpson, former director of international and Scandinavian businesses at Schroder Investment Management, has followed former chief executive officer David Salisbury and stepped down to join GE Asset Management.

GLOBAL - State Street's e-finance network Global Link has added Standard Life Investment's Money Market Fund to Fund Connect - its fund research and trade execution system.

SOUTH AFRICA - A major South African pension fund has been found guilty of gender disparities in the payment of benefits to former government employees.

EUROPE - The Organisation for Economic Corporation and Development (OECD) and the World Bank Group, has launched the South East Europe Corporate Governance Roundtable.

SOUTH AFRICA - Institutional retirement planner Investment Solutions has opened up shop in Namibia.

SOUTH AFRICA - The Lesbian and Gay Equality Project is suing finance minister Trevor Manuel in order to secure full pension benefits for the surviving same sex partners of state employees.

GLOBAL - Ratings agency Standard & Poor's (S&P) is to make changes to its S&P 500 and S&P MidCap 400 indices.

UK/EUROPE - Commerzbank subsidiary Jupiter has launched the Jupiter Global Active Fund, targeting institutional investors in Europe, including the UK.

SOUTH AFRICA - The Association of Retired Persons and Pensioners (ARPP) has aligned itself with the Congress of South African Trade Unions (Cosatu) by agreeing that pensioners should get first rights to pension fund surpluses once the new pension fund...

EUROPE - Investment house JPMorgan Fleming Asset Management has received permission from the German and Austrian authorities to sell five of its investment funds in the regions.