GLOBAL - Liability-led solutions appear to be gathering a strong following with Merrill Lynch Investment Manager (MLIM) reporting a strong increase in demand for liability based mandates in 2004.
The firm said it now manages 30 liability based mandates across Europe and has recently appointed Michael Wray to its strategic advice service to assist with liability-led solutions work for pension and insurance clients.
“The strategic advice service has seen significant growth in demand during 2004 working for corporates, governments and pension funds across the UK, Netherlands, Nordic and Asia regions,” commented Robert Hayes, head of MLIM’s strategic advice service.
“As demand has grown for liability led investment service we have looked to increase our team accordingly.”
MLIM’s strategic advice service works with clients and their advisers to understand their investment needs, advise on allocation investment strategies and develop appropriate solutions.
Wray, who joins from Henderson Global Investors where he was director of group funds, will also be responsible for developing investment and regulatory solutions for life assurance companies.
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