UK/EUROPE - Russell/Mellon CAPS has hired Richard Jobling to the newly-created post of head of sales, marketing and relationship management for UK and Europe.
He has already spent six months working as a strategic consultant to the firm.
Commenting on the appointment, Fred Settelmeyer, Russell/Mellon CAPS chief executive officer, said: “[Jobling’s] time spent working with us gives him a valuable perspective on our organisation.”
Jobling is known in the industry through his work at Euraplan, the software and services provider. Over a period of six years he helped to develop the firm’s business, first as a sales and marketing director, and then as chief executive officer.
Formed in 2001 with the merger of Russell/Mellon Analytical Services and performance measurement company CAPS, the combined firm now has over 2,300 asset managers, 50 consultants and over 1,200 pension fund clients in Europe.
By Madhu Kalia
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.