US - IXIS Asset Management (IXIS AM) Group has appointed Jeremiah H. Chafkin president and CEO of the group's US-based asset management arm.
Chafkin will report to Peter S. Voss, president and CEO of IXIS AM, and will oversee the group’s operations in the US and Asia.
Prior to joining IXIS AM, Chafkin served as executive VP, client services portfolio solutions for Schwab Investor Services.
Voss said: “Jerry has a strong background in the asset management business and will be an asset to the group. His experience in overseeing a broad range of business units for Schwab will fit well with our structure as a federal organisation.
Voss will continue as CEO of global operations, which includes North America, Europe and Asia as well as the group’s global distribution activities.
IXIS AM’s total AuM reached US$512bn at 31 December, 2005
By Daniel Flatt
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.