INCLUDING: AUSTRALIA - ING CEO appointment; UK - Capita Hartshead acquisition; EUROPE: -Nordic and Baltic expansion; GLOBAL- London & Capital's growth plans; UK - Watson Wyatt recruitment;
AUSTRALIA – ING CEO appointment
ING Investment Management (ING IM) Asia/Pacific has announced the appointment of David McClatchy as its new CEO for Australia.
His predecessor, Grant Bailey, has left to lead IMG IM's recently-announced Middle-Eastern operations from Dubai.
UK – Capita Hartshead acquisition
Pension administration service provider, Capita Hartshead has acquired Higham Dunnett Shaw in a deal worth £15 million on cash free/debt free basis. The acquisition is expected to expand Capita Hartshead's core business competencies.
EUROPE – Nordic and Baltic expansion
Credit Suisse's Asset Management has boosted its Nordic and Baltic institutional and retail distribution business by appointing Peter Lindgren, formerly of PIMCO, as the head of institutional distribution.
A newly created role, Lindgren will be responsible for leading the distribution of traditional and alternative institutional products across the region.
GLOBAL – London & Capital’s growth plans
London & Capital has unveiled plans to actively expand in Southern Europe and Brazil through actively targeting institutional investors.
In order to achieve these goals, the Southern Europe business development team, led by Arnaldo Rotenberg, has been doubled in size.
EUROPE– Watson Wyatt recruitment
Richard Boyfield, formerly of Mercer Human Resources Consulting, has joined Watson Wyatt's Manchester-based benefits team as a senior consultant.
Boyfield has over ten years of experience in the employee benefits consulting sector and the area of benefit strategy design.
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.