US - Custody services firm Mellon Financial Corporation has promoted Vince Sands to the position of executive director of Mellon Global Securities Services (GSS) in the US.
Sands will be responsible for developing and executing GSS’s strategy and business development.
In addition to his new responsibilities, Sands will continue to manage all of GSS’ US trust services, which include sales and marketing, client services, implementation, e-commerce, information delivery and GSS’ newly created investment management outsourcing group.
By Janet Du Chenne
The Salvus Master Trust will welcome another 1,200 members and 20 employers as it absorbs the £7m Complete Master Trust.
Aon has appointed Emma Adair to lead client service for its UK investment team.
The Competition and Markets Authority (CMA) has published three working papers as part of its probe into investment consultants and fiduciary managers - saying it has no concerns over concentration in these markets.
In this week's Pensions Buzz, we wanted to know whether contract-based, trust-based or a master trust arrangement would be best for a new defined contribution (DC) scheme.