Regions

HSBC Asset Management has launched its expansion into continental Europe by setting up a new team in Italy.

Chiswell Associates has won a £34m multi asset mandate from the UK's Chartered Accountants Superannuation Scheme.

The UK's £2bn Essex County Council Pension Fund has dropped Schroders Investment Management from a £450m balanced mandate in favour of three specialist managers.

The AIDS epidemic in South Africa could result in increased pension contributions from 8.5% to 12.5% of salary by 2005, according to research by Metropolitan Asset Management (MeAM).

Fidelity Investments in the US has appointed Abigail Johnson as president of Fidelity Management & Research Company (FMR), with effect from June 15, 2001.

Jerrold Mitchell has been named as the $30bn Massachusetts Pensions Reserves Investment Management Board's (PRIM) new chief investment officer.

SLC Asset Management (SLCAM) has appointed Jane Coffey as its new head of European equities.

A management company has become the first company to be fined for non-compliance in Hong Kong's new pension system, the Mandatory Provident Fund.

The UK's Engineering Employers' Federation (EEF) has added its voice to mounting criticism of the Myners' report by accusing the government of having a "hidden agenda" over backing its proposals.

Germany's Deutsche bank is looking to expand its asset management and retail banking businesses in Europe and the US.