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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Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point