Regions

Bank of Bermuda has appointed Lilian Wong as managing director and country head of global fund services in Hong Kong.

Paul Trip, director for ING Real Estate Development (ING RED), has been appointed a member of the general management of ING Real Estate to accommodate ING RED's expansion, according to the firm.

Portugal' s Instituto de Gestao de Fundos de Capitalizacao da Seguranca Social - the EUR3.2bn pensions reserve fund - may be outsourcing 20% of its assets by the year end.

The American Federation of Labor-Congress of Industrial Organizations (AFL-CIO) is using union pension plan cash to help fund a $1bn housing production program.

Global quantitative asset manager, First Quadrant, has appointed Bill Goodsall as chairman and promoted Robert Brown to managing director.

Isle of Man-based BoE International has announced it is to launch a fund of hedge funds.

Deutsche Asset Management (DeAM), which is expanding its institutional sales capability in the Netherlands, has appointed Owen Thiers as vice president of institutional sales.

Investment managers Julius Baer (JBIM) has expanded its non-traditional funds group (NTFG) in New York.

London-based fund manager Attica has dumped Newton Investment Management (NIM) in favour of Societe Generale (SGAM) to oversee a portfolio for its multi-manager UK equity fund.

Two opposing camps of thought have emerged in the UK pensions industry about the new executive share incentive scheme at Cable and Wireless.