Regions

Fidelity Investments has altered the management responsibilities of its institutional business heads in the UK, Europe, Middle East and Africa.

Defined contribution (DC) schemes should be the model for pension funding in Europe, according to Invesco Pensions.

Barclays Global Investors (BGI) has won a $1.5bn Treasury Inflation-Indexed Securities (TIIS) mandate from the $30bn Massachusetts Pension Reserves Investment Management Board (PRIM).

Global financial services group Mellon Financial Corporation is set to complete its takeover of Newton Management group by May 2002.

Crescendo European Fund, the hedge fund managed by Swiss asset managers Zurich Scudder Investments (ZSI) has posted total assets under management of over EUR200m.

KLM Pensioenfondsenkantoor, the pension fund management arm of Netherlands airline KLM, has appointed Princeton Financial Systems (PFS) to a mutual funds investment management and accounting brief.

MFS Investment Management has appointed Richard Banks as assistant vice president, institutional sales and consultant relations, for its UK-based operations.

Chief executive officer and head of the institutional division at Fortis Investment Management (FIM) in Paris, Xavier Lepine, has quit.

Lynne Wood has joined global fund manager Scottish Widows Investment Partnership (SWIP) as head of human resources.

The eastern European equity team at Swiss investment house Vontobel Asset Management has quit.