EUROPE - Eudald Canadell has been appointed managing director of Standard & Poor's Index Services Europe, based at a new office in Paris.
Paris is the new European headquarters for S&P Index Services. Index operations will continue to be maintained from London.
Robert Shakotko, managing director, Standard & Poor’s Index Services, said: “We are opening an office in Paris to better service the needs of investors in the Euro-zone and believe that with Canadell at the helm, S&P is well positioned to transform the index landscape in Europe.”
Prior to joining S&P, Canadell was director of business development and member of the management board at MF Group in Spain. Before that he served as secretary general of the International Organisation of Securities Commissions (IOSCO).
Commenting on his move, Canadell said: “Standard & Poor’s strategic direction for Europe includes leveraging the increasing popularity of the S&P Europe 350, our broad benchmark index for Europe, through the licensing of investment vehicles and derivative products, developing new indices and index tools, and maintaining and building relationships with European exchanges.”
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
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.