NORDIC - Gartmore is looking to expand its reach in Sweden with a new appointment, based in Stockholm.
Patrik Silfverling has been hired as a business development manager and will focus on targeting banks, insurance companies and asset managers in mainly Norway and Finland for third party distribution links. He reports to Kristina Ilar, head of Gartmore Norden.
He joins from Fidelity Investments in Sweden where he was sales manager for the Nordic region. Silfverling also served at financial services company Hagstromer & Qviberg as a portfolio manager.
On a separate note, the new Gartmore SICAV North American Fund has now been registered in Germany and Ireland. The fund targets both institutional and retail investors and has a minimum investment level of EUR2500 per share.
The six sub-funds within the Gartmore SICAV are now authorised in 11 counties including Austria, Belgium, Finland, Luxembourg, the Netherlands, Norway, Spain, Sweden, and Switzerland.
By Madhu Kalia
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers