HSBC Asset Management has launched its expansion into continental Europe by setting up a new team in Italy.
The new team - who were all previously working for JPMorgan Fleming in Milan - is headed by Matteo Pardi, and comprises of Rossella Rugginenti, as marketing and communications manager; Roberta Citeralla as head of sales; and head of operations and new projects, Luigi Terruzzi.
The group’s focus is to develop asset management products and services for both institutional and retail clients, and they will be advised by Manfredi Catella, a member of the HSBC Asset Management European business committee.
The team report to Pardi, and head of European business development, Isabelle Motte, who is based in Paris.
By Madhu Kalia
Jonathan Stapleton says the success of the government's check your state pension service shows just how popular a dashboard could be if it can be launched.
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.
The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.