WestAM, the EUR40bn fund management arm of Germany's fourth biggest bank, WestLB, has expanded its global emerging markets group with two new hires in London. Glen Prentice and Daniel Tubbs join the group as investment analysts, bringing the total team number to 12.
Prior to WestAM, both worked at consultancies - Prentice at KPMG and Tubbs at Arthur Andersen.
Commenting on the appointments, Allan Conway global head of emerging markets at WestAM, London, said: Emerging markets as an asset class is being increasingly looked at by global institutions attracted by cheap valuations and premium growth in the current low interest rate environment.
We therefore are constantly looking to strengthen our already highly experienced team of professionals in this area.
By Madhu Kalia
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers