EUROPE/ASIA - Nigel Williams, CEO of Europe and Asia ex-Japan at Barclays Global Investors' (BGI), has announced his retirement - effective mid-2007 - after 14 years with the firm.
He will be replaced by David Semaya, currently president and CEO of BGI Japan Trust and Banking. BGI said Williams would actively assist Semaya in achieving an orderly transition of responsibilities next year. Semaya will officially take up the new role in April.
Ross Hikida, presently CIO for BGI Japan, will take up Semaya's old position in early 2007.
From a strategic perspective, Blake Grossman, CEO of Barclays Global Investors, said the firm would continue to expand its resources and talent base going forward.
We see fixed income strategies, including those tailored around pension fund liabilities, alternatives, and exchange-traded funds as key areas for investment innovation and growth in 2007, said Grossman.
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The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).