GLOBAL - State Street Corporation has signed a lease for a new operations centre in Krakow, Poland.
Tim Caverly, executive vice president of State Street's investor services business in continental Europe, said: "Poland is a key component to support our continued growth in Europe. Krakow provides access to a highly educated workforce and deep labor pool of talent"
State Street currently has more than 150 employees in Poland who provide support for the company's fund accounting business in continental Europe.
In other news, Partners Group has further expanded its Asian presence with the opening of a Beijing office.
Linda Cai has been appointed to lead the office and develop Partners Group's presence in the region.
Philipp Gysler, head Asia, commented: "Having been active investors in China since 2005, we have seen rapid growth in market size and depth, with investment opportunities offering superior returns.
"This local presence represents a natural next step, thereby securing our leading position and ensuring market proximity, which is crucial in China," Gysler concluded.
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.