SWITZERLAND - Credit Suisse has appointed Peter Schmuki to replace Mario Seris as head of asset management Switzerland.
In his new role, Schmuki will head the management committee for asset management in Switzerland and represent asset management on the management board for Switzerland of Credit Suisse.
Schmuki had earlier spent 20 years with the firm where he held he held a number of senior positions in fixed income capital markets in the investment bank in the US, UK and Switzerland, but he retired in 2003 and took up the role of senior advisor with Bourne Park Capital in London.
Credit Suisse said current asset management head Seris was set to leave the role to focus on his role as head of real estate (Core) for asset management.
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.