UK - UBS Global Asset Management has strengthened its UK institutional marketing team, following the rebranding of the Phillips & Drew name.
UBS hoped to boost strengthen its client and consultant marketing, including charities and local authority business.
Ian Lewis joins from Merrill Lynch Investment Managers (MLIM) and has been appointed as head of consultant relationships.
Joanna Fidling has been hired as local authorities and charities marketing director. She is also formerly of MLIM where she worked in the institutional client division.
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.