UK - Northern Trust has hired Veronique Botton as programme manager in its London-based multi-manager investment team.
Botton was formerly a senior equity research analyst with Fuji Investment Management Company.
She will now be analysing the mix of managers and styles within client programmes, and the combination of funds.
She reports to Michael Kinney, head of international research.
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.