INCLUDING: UK - Global service manager for Northern Trust; AUSTRALIA - ASIC appoints CEO; UK - Linklaters pensions practice expands
Northern Trust has appointed Michael Jenks as global service manager within its Global Fund Services group. Jenks will be responsible for managing relationships with a number of Northern Trust's large, complex investment manager clients. He joined from JPMorgan Investment Bank where he was a client executive in the Client Management Group.
AUSTRALIA - ASIC appoints CEO
John Bligh has been named the Australian Securities and Investments Commission (ASIC) new chief executive officer. Bligh, who was also recently appointed Victorian Regional Commissioner, has responsibility for information technology, finance, human resources and customer service delivery. As Victorian regional commissioner, he has responsibility for liaising with the Victorian business, financial services, investor and consumer communities. He has 34 years of experience in the IT and services industries and most recently ran his own consultancy.
UK - Linklaters pensions practice expands
Linklaters has elected Isabel France as partner in its pensions group and promoted Dominique Hurst to counsel. France advises on all aspects of pensions law, including advising both trustees and employers, drafting scheme documentation, disputes and pensions aspects of corporate transactions and international schemes. Hurst advises on pensions scheme mergers and disputes, including complaints before the Pensions Ombudsman, and deals with the pensions aspects of corporate transactions.
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This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.