UK - State Street Global Advisors (SSgA) has built on its currency team with the appointment of Collin Crownover, formerly of Citigroup, as global head of currency management.
Based in London, Crownover will be supporting SSgA, the investment management arm of State Street Corporation, in its plans to improve and expand its existing strategies in the currency space.
Rick Lacaille, European CIO said: "Collin’s appointment underscores our continued commitment to building upon our currency capabilities worldwide.
"In collaboration with our advanced research centre, we are focused on augmenting existing strategies and introducing innovative new currency models, both technical and fundamental, to manage risk and best capture the inefficiencies in foreign exchange markets.”
Prior to joining SSgA, Crownover served as global head of the investor risk advisory team with Citigroup. He has more than 10 years of experience with sell- and buy-side firms in developing currency research.
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.