UK - Gartmore has strengthened its consultant team with the appointment of Paul Hamilton as relationship director.
Hamilton joins from Credit Suisse Asset Management where he was vice president of institutional marketing and client relations, specialising in sales in the Nordic region. Prior to this, he also served at SBJ Benefit Consultants and the Nationwide Building Society.
At Gartmore he will oversee institutional business opportunities and will look to broaden the firm's coverage across local consultancy firms.
Frances Davies, Gartmore's head of global institutional, said: [Paul] is very highly rated within the industry and is experienced in all aspects of institutional sales. Crucially, he also possesses a thorough understanding of the needs of both underlying clients and consultants and we believe he will be a first rate addition to Gartmore.
Gartmore also recently promoted Shamus Young to global head of consultants.
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.
The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.