UK - JPMorgan Fleming Asset Management has hired Martin Porter as global head of equities.
Porter worked for JPMorgan since 1984. Before that he was chief investment officer of the Fleming equity and balanced process globally. He also held positions at Jardine Fleming Group and Guardian Royal Exchange.
In his new role, Porter will have responsibility for all quoted equities and balanced funds for the firm as well as senior investment heads in those areas.
In addition, Pablo Forero, currently chief investment officer for international equities at JPMorgan, will take on a new role working directly with Porter.
Forero has been with the firm since 1990, before which he spent six years at Manufacturers Hanover Bank as head of global markets.
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.