HONG KONG - SEI appointed James Leung as client portfolio manager for the Asia Pacific Region based in Hong Kong.
Leung will be the portfolio manager for all institutional clients in the Asia region, participating in all aspects of the portfolio management process from portfolio construction to asset allocation and strategy implementation.
He will report to Sue Wan Chua, managing director of SEI's Asia Pacific investment unit.
Prior to joining SEI, Leung was a portfolio manager at GAM Hong Kong for four years, where he managed absolute return mandates for institutional and private clients in the region.
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.