Regions

Hermes Pensions Management UK, the wholly-owned investment management subsidiary of BT Pension Scheme, has announced that Alastair Ross Goobey will step down as chief executive to be replaced by Tony Watson, with effect from January 2002. Tony Watson...

Credit Suisse Asset Management (CSAM) has appointed Beth Dater to oversee the new position of in-house hedge fund development.

CalSTRS, the giant $105bn California State Teachers' Retirement System, will select an executive search firm by the end of the month to assist them with finding a replacement for outgoing chief executive James Mosman.

Mellon Financial Corporation has reported second quarter 2001 pre-tax operating earnings of $191m (or 40 cents per share), a 5% increase compared with 38 cents per share reported in the second quarter of 2000.

SA financial services group Women Investment Portfolio Holdings (Wiphold) has acquired retiring New Africa Investments (Nail) CEO Dikgang Moseneke's 25% stake in Phaphama, Nail's holding company, for R35m ($4.2m).

In contrast to the previous two quarters, equities generally produced positive returns in the second quarter of 2001, according to the CAPS pooled pension fund survey.

The National Federation of Fish Friers (NFFF) has chosen Friends Provident to serve up its stakeholder scheme.

DGZ Deka Bank subsidiaries Deka Deutsche Kapitalanlagegesellschaft and Deka Investment Management (DIM) in Germany are to merge to form a new investment management company.

Zurich Financial Services has appointed Rodney Cook as the first customer solutions director for its UK life business.

Credit Suisse First Boston CSFB has appointed Stephen Volk as its new vice chairman, following last week's arrival of John Mack as chief executive officer, and his restructuring of the business.