NETHERLANDS - Goldman Sachs' Catherine Claydon will reportedly join rivals Lehman Brothers in January to head up its pension advisory business in the Netherlands.
Lehman Brothers declined to comment on the news and Goldman Sachs was unavailable for comment at the time of publishing, but industry sources claimed the move "looked likely" to go ahead.
Lehman Brothers is currently building up its European pensions advisory business, and just recently announced the appointment of Gareth Derbyshire as a managing director in its European Pensions Advisory Group. Derbyshire joined from Merrill Lynch, where he was managing director and co-head of the Insurance and Pensions Solutions Group.
In other news, Lehman Brothers appointed Uzay Kozak as managing director and CEO of Turkey.
Kozak will be responsible for building capital markets sales and investment banking staff focused on its Turkish relationships.
"This appointment reflects Lehman Brothers’ intention to open an office in Turkey which, subject to regulatory approvals, is expected to be operational in the first quarter of 2007," the firm said in a release.
"The firm intends to offer a combination of capital markets, investment banking and investment management products to corporate and institutional clients, and high net worth individuals."
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.