UK - London arm of Swiss private bank and asset manager Lombard Odier has signed up solutions provider Financial Models Company (FMC) to implement its beta release fixed income attribution (FIA) system.
The FIA system is the newest module for FMC's widely used FMCSylvan(TM) performance and attribution system.
FMCSylvan is used by fund managers across North America and Europe for measuring and reporting portfolio performance, attribution and risk statistics.
FIA is anticipated for general release in Q4.
By Madhu Kalia
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.
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.