NETHERLANDS/BELGIUM - Fortis Investment Management has hired Patrick Van de Steen and Jacques Joakimides as managing director, head of marketing, and head of European convertibles respectively.
Van de Steen, who joins Fortis from Gartmore where he was head of continental Europe retail and acting head of hedge funds, will now oversee the recently formed 70-strong marketing team. He is responsible for product development, brand management, channel marketing, communications and the fund secretariat.
Regarding convertibles, Fortis intends to make this product one of its core competencies since it predicts greater demand from both institutional and retail investors. Joakimides, who will oversee business development, will report to William De Vijlder, group chief investment officer.
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