UK - The defined contribution pension scheme of mobile phone company Orange has dropped Deutsche Asset Management and hired JPMorgan Fleming Asset Management as sole active manager for £20m of its assets.
JPMorgan Fleming said the newly acquired assets would be invested in a range of strongly-performing pooled funds, including the UK, Japan, Asia and global ex-UK equity funds, as well as balanced and UK bond funds.
Commenting on the mandate win, Peter Ball, head of UK institutional business at JPMorgan Fleming said: “This is a high profile defined contribution scheme in the UK institutional market.
“Orange has appointed JPMorgan Fleming across a range of products. This is one of a series of new business wins in 2004, reflecting the strong and consistent performance of the JPMorgan Fleming funds.”
JPMorgan Fleming joins Legal & General and Foreign & Colonial as managers for the scheme.
Orange Pension Scheme is advised by HSBC Actuaries & Consultants.
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