JPMorgan Investor Services has appointed two new business heads for Europe, Middle East and Africa (EMEA).
Ann Doherty will take over as the new global asset servicing executive for EMEA moving from her existing role as global product executive for investment products and business executive for securities lending. Within her new position, Doherty will also have management responsibility for EMEA sales.
Ann has been with JPMorgan Investor Services for nearly 10 years and is well respected by the industry for her client and product expertise, said Ramy Bourgi, business executive for JPMorgan Investor Services EMEA.
Richard Warne will become the new global product executive for investment products and EMEA business executive for securities lending, moving from his current role as the regional business executive within the North America investment management industry group.
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.
The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.