Uncategorised

SWITZERLAND - Zurich Financial Services has hired a new head of media relations.

SWITZERLAND - Daniel Hofmann has been appointed as new head of group communications at Zurich Financial Services.

SWITZERLAND - Embattled Swiss insurers received a further knock when ratings agency Standard & Poor's cuts its overall outlook on the industry to negative.

SWITZERLAND - The Swiss arm of Icelandic financial services firm Kaupthing has launched KBridge, Europe's first crossborder pension vehicle for multinationals.

SWITZERLAND - AHV, the CHF19bn (EUR13bn) Swiss social security fund, has completed its manager search for two new European equity mandates.

SWITZERLAND - The CHF3.8bn (EUR2.6bn) Basellandschaftliche Pensionskasse (BLPK) has finalised its equity portfolio with new manager hires.

SWITZERLAND - Swiss investment manager Julius Baer has appointed MFS Investment Management to run a US large cap value equities mandate. 

GERMANY/ITALY - Commerzbank believes pension funds should increase their exposure to the insurance sector which, it says, is on the verge of a recovery.

GERMANY - Morley Fund Management and Delta Lloyd Investment Managers - both Aviva Group units - are to jointly launch Germany's first active socially responsible investment (SRI) global equities mutual fund following recent pension reforms.

SWITZERLAND - Swiss social security fund, the CHF20bn AHV, is shortlisting for a new global semi-passive bond mandate.