INCLUDING: AUSTRALIA - ING appointment; BELGIUM - New Fortis CEO; SWEDEN - Schroders move and appointment; UK - UKSIF celebrates 15 years; UK - BNY Mellon announces deal in China; UK - NAPF endorses AREF code
AUSTRALIA – ING appointment
ING Investment Management (INGIM) has appointed Dan McCarthy as senior portfolio manager in tactical strategies to its international equities team.
McCarthy joined from Colonial First State Investments where he actively managed foreign currency exposures on international strategies.
BELGIUM – New Fortis CEO
Olivier Lafont has been promoted to the post of CEO of Fortis in Belgium. His former role was as head of Belgian institutional sales at Fortis Investments.
Lafont replaced Peter de Proft who has joined the European Fund and Asset Management Association (EFAMA).
SWEDEN – Schroders move and appointment
Christian Boman has joined Schroders’ as sales manager in its Swedish office. The asset manager has also relocated to Sveavägen 9, Stockholm.
Boman was most recently general manager for FIH Erhvervsbank Stockholm.
UK - UKSIF celebrates 15 years
The UK Social Investment Forum (UKSIF) has released a report documenting and celebrating its work over the past 15 years.
The report featured comment from figures in the institutional investment sector.
UK - BNY Mellon announces deal in China
BNY Mellon Asset Management, the asset management arm of The Bank of New York Mellon Corporation, has received approval from the China Securities Regulatory Commission (CSRC), to provide sub-advisory services in relation to a Qualified Domestic Institutional Investor (QDII) mandate for Chinese investors.
The QDII programme allows Chinese investors to access foreign fund management capabilities.
UK - UK - NAPF endorses AREF code
The National Association of Pension Funds (NAPF) has endorsed the recently re-launched AREF Code of Practice.
AREF is the representative body for unlisted commercial real estate funds and the code seeks to ensure investors and fund managers are provided with factors such as transparency and accountability.
Kim Gubler says it is time that schemes and administrators reassess SLAs and look at what real people need from their pension schemes and when
The Pensions Regulator (TPR) is focusing on reducing the number of "poorly-run" schemes as it seeks to improve standards across the board.
Prudential Retirement has completed around $2.6bn (£2bn) of reinsurance contracts for UK pension scheme longevity risk since the start of the year, it has disclosed.
Funding standards for DB schemes have increased exponentially over the past decades. Con Keating says such significant overstatement of liabilities will lead to pushback through the courts.