Regions

Northern Trust has hired Anne Lise Winge to head up the company's new business development efforts in the Nordic countries.

Royal London Mutual Insurance Society Limited (Royal London) has been ordered to shell out just over £15.4m by the UK's Financial Services Authority (FSA) for breaching rules related to the sale of its investment products.

CIBC Mellon has been appointed by Canadian Airlines to provide trustee and custodial services for its' C$2.6bn (US$1.69bn) pension fund.

Jerusalem Venture Partners (JVP) has announced the interim closing of its largest fund, JVP IV, with $350m in commitments. The new fund targets early-stage communications and Internet infrastructure companies.

The UK's £1.2bn Shipbuilding Industries Pension Scheme (SIPS) has dumped Newton Investment Management (NIM) following the defection of Toby Thompson from its team.

Secretary of State for Work and Pensions Alistair Darling has appointed David Laverick as UK pensions ombudsman from September 1 this year.

Frank Russell has been appointed by the £220m Smith & Nephew UK Pension Fund to run more than half the entire fund.

Two Dutch pension fund associations have launched a website offering information to pension funds migrating to the Euro.

The Hay Hall engineering group in Birmingham, UK has awarded Northern Trust Global Investments (NTGI) a £6m multi-manager mandate to manage its overseas equities investments.

Global Asset Management (GAM) has appointed Jonathan Moseley as managing director for clients in Europe.